Type
Closure
Country
Romania
Region
Vest; Arad;
Location of affected unit(s)
Arad
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Electrical Equipment
27 - Manufacture of electrical equipment

400 jobs
Number of planned job losses
Job loss
Announcement Date
15 January 2009
Employment effect (start)
1 February 2009
Foreseen end date

Description

Elcoteq, a Finnish electronics manufacturing services company, is to close its plant in Arad with the consequent loss of 400 jobs. The closure is part of a large restructuring plan resulting in the closure of production units across Russia, China and the USA, encompassing 4,500 job losses in total.


Sources

  • 16 January 2009: Ziarul Financiar

Citation

Eurofound (2009), Elcoteq, Closure in Romania, factsheet number 67991, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67991.