Tom Tom

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Netherlands, Belgium, other locations
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
457 jobs
Number of planned job losses
Job loss
Announcement Date
8 December 2011
Employment effect (start)
8 December 2011
Foreseen end date
29 February 2012

Description

Navigation technology company TomTom is reducing its workforce by 457 employees. Close to half (255) of the jobs are forced redundancies, while the other jobs are trimmed by attrition. The company details that most jobs will be lost in its plants in the Netherlands, but it is known that in Belgium (Gent) 33 jobs will be lost.

Most of the layoffs will be in administrative and marketing positions. TomTom aims to carry-out the restructuring in a limited number of months.

TomTom is making face to a shift from dedicated personal navigation devices towards free navigation apps installed on smartphones. Consequently, the company is focusing more on business-to-business-solutions.

Sources

  • 8 December 2011: Tomtom
  • 8 December 2011: De Financiële Telegraaf
  • 8 December 2011: Eindhoven Dagblad

Citation

Eurofound (2011), Tom Tom, Internal restructuring in World, factsheet number 72822, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72822.