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
230 jobs Number of planned job losses
Announcement Date
14 October 2005
Employment effect (start)
1 November 2005
Foreseen end date
31 January 2006
Description
Producer of phone equipment Avaya-Tenovis will cut its 4,500-strong-workforce by 10%. 230 jobs in the administration and technical services are to go directly, 280 jobs shall be outsourced to partner companies. 'There is very high margin pressure in the telecommunications sector. We have to react to remain competitive and financially sound', said Tenovis' general manager.
Sources
14 October 2005: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2005), Avaya-Tenovis, Outsourcing in Germany, factsheet number 62449, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62449.
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