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 electrical, electronic and optical products Manufacture of electrical equipment 27 - Manufacture of electrical equipment
150 jobs Number of planned job losses
Announcement Date
10 December 2007
Employment effect (start)
1 January 2008
Foreseen end date
31 January 2008
Description
PartnerTech, a manufacturer of electronic and mechanical products, has announced that it is to cut approximately 150 jobs primarily at production units in Sweden, Finland and the UK. The redundancies are a consequence of an internal restructuring programme aimed at adjusting costs to lower sales and streamlining operations. The implementation of the programme will save an estimated SEK 100 million on a full-year basis. PartnerTech employs 719 in Sweden, 180 in Finland and 281 in the UK.
Sources
11 December 2007: Dagens Industri
Citation
Eurofound (2007), Partnertech, Internal restructuring in European Union, factsheet number 66173, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66173.
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