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
100 jobs Number of planned job losses
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://apps.eurofound.europa.eu/restructuring-events/detail/67929.