EMCC European Monitoring Centre on Change

Kyrel

Company/Organisation:
Kyrel

Geographic Location

Country: Finland
Location of affected unit(s): Kyröskoski

Company

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

Employment Effects

Announcement Date: 01-11-2003
Type of Restructuring: Merger/Acquisition
Planned Job Creation: 160

Additional Information

In October Kyrel and Flextronics announced a preliminary deal for Kyrel to take over the business activities of Flextronics. According to this deal, production will continue without interruption, Kyrel effectively taking over in the beginning of next year. This business transfer will save the jobs that were planned to be cut. SEE Flextronics factsheet for more info.