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 Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
500 jobs Number of planned job losses
Announcement Date
23 June 2011
Employment effect (start)
1 July 2011
Foreseen end date
31 December 2011
Description
IT company ST-Ericsson has announced 500 job cuts as part of a worldwide restructuring plan. According to the management, this restructuring is due «to recent changes in the business environment and reduced demand for legacy products».
Some 100 voluntary departures will occur in France (see factsheet 18259). However, it is unknown the exact locations of the affected units and further details of the restructuring will be released after consultation with the employee representatives.
Eurofound (2011), ST-Ericsson, Internal restructuring in World, factsheet number 70329, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70329.
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