The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
100 - 120 jobs Number of planned job losses
Announcement Date
1 July 2022
Employment effect (start)
1 July 2022
Foreseen end date
Description
Cynora, a German startup and developer of smartphone displays, has announced around 100 job cuts at its site in Bruchsal, Baden-Wuertemberg, Germany.
According to Cynora, all employees will be laid off as the company has sold all patents. Cynora specialised in the development of OLED displays. Cynora had problems raising financial capital due to the global economic situation and the pandemic, as investors were very cautious. As of July 2022, it is unknown when the job losses will be implemented by.
Eurofound (2022), Cynora, Closure in Germany, factsheet number 107089, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/107089.
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