EMCC European Monitoring Centre on Change

Tandberg Data

Company/Organisation:
Tandberg Data

Geographic Location

Country: Norway
Region: Oslo og Akershus; Norge
Location of affected unit(s): Oslo and Lysaker

Company

Sector: Manufacturing
Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
Number Employed: 100

Employment Effects

Announcement Date: 27-04-2009
Planned Job Reductions min: 90
Planned Job Reductions max: 100
Type of Restructuring: Bankruptcy
Employment Effect Start: 28-04-2009
Direct Dismissals: 100

Additional Information

Tandberg Data, a global provider of data storage and data backup solutions headquartered in Oslo, and its subsidiary Tandberg Storage ASA filed for bankruptcy in the Norwegian courts on Friday, 24th April 2009.
On 27th April the management announced that the efforts to continue operations had not succeeded, and that all 100 employees in the two companies in Norway lost their jobs. Tandberg Data subsidiaries (Tandberg Data Corporation in the US, Tandberg Data Japan, Tandberg Data Singapore, and Tandberg Data in Europe) will try to continue operations.

Tandberg Data has had problems since 2007 and underwent restructuring in 2008. The final drop was the failed attempt to repay a lapsed loan from Cyrus Capital. As of April 2009, there is no information on when the job losses will be implemented by.