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
500 jobs Number of planned job losses
Announcement Date
18 November 2004
Employment effect (start)
18 November 2004
Foreseen end date
Description
Siltronic, the German manufacturer of silicon wafers, is planning to cut around 500 of its 2,500 jobs in the field of administration. The reason for the plans is that there has been a sharp decline in business on the semiconductor markets. Siltronic employs around 6,100 staff worldwide. Due to difficulties on the semiconductor market, Siltronic has warned that it may be unable to fulfil its forecasts for the final quarter, when it had hoped to achieve a profit.
Sources
18 November 2004: Reuters
Citation
Eurofound (2004), Siltronic, Internal restructuring in World, factsheet number 60813, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60813.
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