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
400 jobs Number of planned job losses
Announcement Date
6 May 2009
Employment effect (start)
6 May 2009
Foreseen end date
Description
Electroprecizia Săcele, a manufacturer of electric motors and generators announced its intention to dismiss 400 employees as part of a restructuring plan which will be initiated in the first quarter of 2009. At present the company has approximately 1,200 employees. In the first quarter of 2009, the company reported a turnover of 4.9 million euro (40% less than the level registered in the same period in 2008) and a financial loss of 0.2 million euro.
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