EMCC European Monitoring Centre on Change

Flextronics

Company/Organisation:
Flextronics

Geographic Location

Country: Sweden
Region: Småland med öarna

Company

Sector: Manufacturing
Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
Group: Flextronics

Employment Effects

Announcement Date: 27-08-2003
Planned Job Reductions min: 165
Planned Job Reductions max: 165
Type of Restructuring: Bankruptcy/Closure
Employment Effect Start: 01-12-2003
Foreseen End Date: 01-12-2003
Direct Dismissals: 165

Additional Information

Flextronics has planned to close its plant in Visby and to dismiss 165 people. This decision has been made as a result of harsh competition, the downturn of the economy and the old product range, which has reached its end of life.