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
70 jobs Number of planned job losses
Announcement Date
9 December 2003
Employment effect (start)
1 January 2004
Foreseen end date
Description
The Philips branch High Tech Plastics employs some 350 people. 70 among them will no longer be working for the company next year. This is a consequence of the change in technology - automatisation and computerisation in the production process - and of a fall in demand for endoscopical lences for medical purpouses.
For some time now Philips had intended to sell HTP (as well as Philips High Tech Aerospace, HTA, also reducing its personnel and loosing 25 jobs in 140).
In total almost 900 hundred jobs should disappear in the Eindhoven area due to the reorganisations announced this year by Philips in its various subsidiaries.
Sources
9 December 2003: Eindhovens Dagblad
Citation
Eurofound (2003), Philips High Tech Plastics HTP, Internal restructuring in Netherlands, factsheet number 59147, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59147.
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