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
80 jobs Number of planned job losses
Announcement Date
12 July 2006
Employment effect (start)
1 January 2007
Foreseen end date
31 July 2007
Description
StorageTek, specialized in the information processing systems of storage of data, announced on 12 July 2006 that the American group Sun Microsystems has decided to cut 80 jobs in the site in Toulouse (south-west of France). The unit employs 110 people and the job cuts are expected to take place between January 2007 and July 2007. The reason given is a significant drop in sales. In 2001 the company agreed with local authorities the creation of 470 jobs and was given EUR 91,000.
Sources
13 July 2006: Les Echos
Citation
Eurofound (2006), StorageTek, Internal restructuring in France, factsheet number 63768, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63768.
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