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 Electrical Equipment 27 - Manufacture of electrical equipment
97 jobs Number of planned job losses
Announcement Date
19 January 2005
Employment effect (start)
19 January 2005
Foreseen end date
15 March 2005
Description
Tellabs, the telecom service provider, will start cooperation talks with its personnel. The aim is to cut the workforce by 110 employees. The cuts will effect mainly product development and its support functions, customer service, marketing and administration. The negotiations will be finished by mid-March.
After the finished cooperation negotiations Tellabs has decided, on 9 January to make 97 employees redundant.
Sources
9 February 2005: Helsingin Sanomat
19 January 2005: Helsingin Sanomat
Citation
Eurofound (2005), Tellabs, Internal restructuring in Finland, factsheet number 61025, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61025.
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