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
7 January 2009
Employment effect (start)
31 January 2009
Foreseen end date
30 June 2009
Description
Logitech, one of the world's leaders in manufacturing digital devices, is to cut 500 jobs by the end of June 2009. According to the company, its decision is mainly due to the global financial crisis. The job-losses shouldn't affect the Logitech site located in China.
Logitech is one of the main manufacturers of personal peripherals, driving innovation in PC navigation, Internet communications, digital music, home-entertainment control, gaming and wireless devices. It is headquartered in Switzerland and it has more than 9,000 employees worldwide.
Sources
1 July 2009: Il Sole 24 Ore
Citation
Eurofound (2009), Logitech, Internal restructuring in World, factsheet number 67798, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67798.
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