Elcoteq

Type
Internal restructuring
Country
Finland
Region
Manner-Suomi; Helsinki-Uusimaa; Helsinki-Uusimaa
Location of affected unit(s)
Lohja
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
86 jobs
Number of planned job losses
Job loss
Announcement Date
5 April 2003
Employment effect (start)
Foreseen end date
1 April 2003

Description

Elcoteq is adapting to the declining markets by cutting its personnel costs. The earlier announcement of 160 job losses in March have been defined to cover only 86 direct dismissals by the help of inner arrangements in the company.

Sources

  • 13 May 2003: Helsingin Sanomat

Citation

Eurofound (2003), Elcoteq, Internal restructuring in Finland, factsheet number 60079, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60079.