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 (26 - 27) Manufacture of electrical, electronic and optical products 27 - Manufacture of electrical equipment 27 - Manufacture of electrical equipment
400 jobs Number of planned job losses
Announcement Date
27 June 2005
Employment effect (start)
1 August 2005
Foreseen end date
30 September 2005
Description
Vogt electronic, a producer of electronic components, has filed for insolvency after experiencing a 50% drop in its turnover. The company lost a major client. Vogt electronic's mother company will not take over the incurred losses. It is unlikely that the company can be saved.