Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Sector
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
Job loss
Announcement Date
21 January 2009
Employment effect (start)
Foreseen end date
31 December 2009

Description

TT Electronics, a supplier of electronics components to various industries, is to cut 100 jobs across the UK by the end of 2009. The cuts are blamed on the current trading conditions and the company is exploring alternative ways to improve business performance and shareholder value.


Sources

  • 21 January 2009: BBC News UK

Citation

Eurofound (2009), TT Electronics, Internal restructuring in United Kingdom, factsheet number 67929, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67929.