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 Electrical Equipment 27 - Manufacture of electrical equipment
100 jobs Number of planned job losses
Announcement Date
13 September 2007
Employment effect (start)
Foreseen end date
31 December 2009
Description
In June 2008, Hellermann Tytonhas, a hi-tech cable manufacturing firm based in Pennycross, confirmed the loss of 100 jobs due to increasing low-price competition from countries like China and India. In an earlier announcement, the company said that it would look for voluntary redundancies and help workers find alternative employment where necessary.
The firm, which has been based in Plymouth since 1978, manufactures cable management products at Pennycross Close.
Sources
13 September 2007: BBC Website
27 June 2008: The Herald
Citation
Eurofound (2007), Hellermann Tyton, Internal restructuring in United Kingdom, factsheet number 65812, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65812.
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