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
90 - 100 jobs Number of planned job losses
Announcement Date
27 April 2009
Employment effect (start)
28 April 2009
Foreseen end date
Description
Tandberg Data, a global provider of data storage and data backup solutions headquartered in Oslo, and its subsidiary Tandberg Storage ASA filed for bankruptcy in the Norwegian courts on Friday, 24th April 2009.
On 27th April the management announced that the efforts to continue operations had not succeeded, and that all 100 employees in the two companies in Norway lost their jobs. Tandberg Data subsidiaries (Tandberg Data Corporation in the US, Tandberg Data Japan, Tandberg Data Singapore, and Tandberg Data in Europe) will try to continue operations.
Tandberg Data has had problems since 2007 and underwent restructuring in 2008. The final drop was the failed attempt to repay a lapsed loan from Cyrus Capital. As of April 2009, there is no information on when the job losses will be implemented by.
Sources
28 April 2009: Aftenposten/E24
Citation
Eurofound (2009), Tandberg Data, Bankruptcy in Norway, factsheet number 68795, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68795.
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