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
400 jobs Number of planned job losses
Announcement Date
21 May 2009
Employment effect (start)
1 September 2009
Foreseen end date
1 September 2011
Description
Italtel, a European manufacturer of telecommunications networks' technologies, is to cut 400 jobs by the end of 2011 in its European sites. The new reorganisation plan is consequent to the recent loss in revenues, mainly due to the economic crisis.
Italtel designs, develops, implements solutions for next generation networks and services based on IP protocol accompanied by a full range of professional services. In Italy, its main customer is Telecom Italia. It employs 2,300 people across Europe.
Sources
22 May 2009: Il Sole 24 Ore
Citation
Eurofound (2009), Italtel, Internal restructuring in European Union, factsheet number 69054, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69054.
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