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
New offshoring locations
Not Available
150 jobs Number of planned job losses
Announcement Date
30 March 2007
Employment effect (start)
1 April 2007
Foreseen end date
31 October 2007
Description
An electronics firm has announced it intends to close its Cwmcarn factory, near Newbridge, with the loss of more than 150 jobs. The Solectron Cwmcarn site was involved in after-sales service. Solectron blamed the closure on 'changing market conditions' and said moving jobs to 'lower-cost regions' was an option. The company has now entered a 90-day consultation on the site's future. Trade union officials have condemned the decision saying it was a 'kick in the teeth'. The company said closure of the site would lead to the loss of 130 permanent positions and 21 temporary posts. The company hopes to close Solectron Cwmcarn in October 2007.
Sources
30 March 2007: BBC Website
Citation
Eurofound (2007), Solectron, Offshoring/Delocalisation in United Kingdom, factsheet number 65184, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65184.
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