EMCC European Monitoring Centre on Change

Elcoteq

Company/Organisation:
Elcoteq

Geographic Location

Country: World
Location of affected unit(s): Arad (Romania), Richardson (USA), Saint Petersburg (Russia), Shenzen (China)

Company

Sector: Manufacturing
Manufacture of electrical equipment
27 - Manufacture of electrical equipment
Number Employed: 21000
Group: Elcoteq

Employment Effects

Announcement Date: 15-01-2009
Planned Job Reductions min: 5000
Planned Job Reductions max: 5000
Type of Restructuring: Closure
Employment Effect Start: 01-02-2009
Direct Dismissals: 5000

Additional Information

Elcoteq, a Finnish electronics manufacturing services company, has announced that it is to lay off 5,000 employees. The job losses result from the closure of three factories located in Arad in Romania (400 jobs reported lost), Richardson in the US, and Saint Petersburg in Russia as well as the transfer of the production activities from the Shenzen site to Beijing (China). In 2008, the company had a global workforce of 21,000 employees.