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 Electrical Equipment 27 - Manufacture of electrical equipment
New offshoring locations
Estonia
115 jobs Number of planned job losses
Announcement Date
2 March 2010
Employment effect (start)
2 March 2010
Foreseen end date
2 August 2010
Description
Note, a Swedish electronics manufacturer, has announced it will cut 115 jobs in Taurage by the end of first half of 2010. The company intends to close the plant in Taurage and relocate production activities to Estonia. According to the management, the main cause of the offshoring was a decrease in sales by 30% in 2009. Note Group operates in Scandinavia, the United Kingdom, the Baltic States, Poland and China.
Sources
2 March 2010: Verslo zinios
Citation
Eurofound (2010), Taurages Note, Offshoring/Delocalisation in Lithuania, factsheet number 70262, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70262.
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