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
170 jobs Number of planned job losses
Announcement Date
9 February 2009
Employment effect (start)
Foreseen end date
31 December 2009
Description
The Norwegian electronics group Kitron, with more than 1,470 employees at several sites in Norway, Sweden and Lithuania, announced 9th of February a worldwide downsizing of 250 employees, whereof the majority will take place in Norway (170) while Sweden (60) and Lithuania (20) will also be affected. Most of the downsizing in Norway will take place at the Hisøy plant outside Arendal.
The company will have a record profit in 2008, the manager says to the media, but as the orders are reduced and there is great uncertainty about the future, the company expects a fall in turnover of 10% in 2009. The company is therefore adjusting to this situation in advance.
Nothing detailed is said about exact number of dismissals. The temporary workers will leave first, and thereafter there may be up to 25 dismissals of permanent employees before the summer. After summer the situation is more uncertain. The shop steward of the engineers' union says to "Dagens it" that it is inconsistent to announce downsizing at the same time as there has been a record profit, and that he will not accept a large number of dismissals as it is not justified by the figures he has seen. The president of the national union NITO says, according to the union web site, that this is totally unacceptable.
Eurofound (2009), Kitron, Internal restructuring in Norway, factsheet number 68115, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68115.
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