The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
691 - 900 jobs Number of planned job losses
Announcement Date
1 April 2005
Employment effect (start)
1 April 2005
Foreseen end date
30 September 2005
Description
Solectron Timisoara (Vest region) will cut close to 900 jobs. Approximately 190 employees will be redeployed to other companies in the region, while 691 employees face redundancy. Of the latter category, the majority (586) will find themselves unemployed by mid-April 2005, and the rest between May and September 2005.
Out of the total laid off employees 647 are production operators, four warehouse operators, 20 technicians and 10 engineers.
To adapt to the changes in client demands, the company will reduce its activity while changing the structure of production in order to provide high quality, complex engineering services.
The management of the company has announced that the lay-offs will be operated according to the legislation in force and will cooperate with the local employment agency and company workers involved to seek other jobs for them. Furthermore, should the volume of production increase they will be the first to be re-employed. The largest private employer in Timisoara, Solectron is subsidiary of the USA company with the same name, a leading global provider of electronics manufacturing and integrated supply chain services to the high-tech electronics companies.
Sources
21 April 2005: Capital
4 April 2005: Economistul
30 March 2005: Romania on line
Citation
Eurofound (2005), Solectron, Internal restructuring in Romania, factsheet number 61438, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61438.
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