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
190 jobs Number of planned job losses
Announcement Date
26 July 2009
Employment effect (start)
Foreseen end date
Description
On 26 July 2009, Singulus, a manufacturer of Blu-ray Disc, DVD and CD devices, announced to cut 190 out of 700 jobs worldwide. Job cuts are part of a restructuring programme dealing with the negative impact of the global economic crisis. The company's revenue for the first half of 2009 shrunk to 67.1 million euro (compared to the prior-year total of 81.3 million euro). Details on timelines or affected sites have not been released so far.
Sources
27 July 2009: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2009), Singulus, Internal restructuring in World, factsheet number 69336, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69336.
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