Tellabs

Type
Internal restructuring
Country
Finland
Region
Manner-Suomi;
Location of affected unit(s)
Espoo, Oulu
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
63 jobs
Number of planned job losses
Job loss
Announcement Date
7 February 2013
Employment effect (start)
28 February 2013
Foreseen end date

Description

Tellabs, a manufacturer of communications network equipment for telecom providers, has announced redundancies of up to 63 employees from is operations in Finland. The company has started negotiations with employee representatives on the proposed cuts.

Tellabs has 450 employees in two locations in Finland: Espoo and Oulu. The company cites changing customer needs and market situation as reasons for restructuring, which is part of the company's worldwide restructuring plan aimed at cutting costs.

In autumn 2012 Tellabs laid off 30 employees in Finland.

Sources

  • 7 February 2013: Tellabs press release
  • 7 February 2013: Tietoviikko
  • 7 February 2013: YLE News

Citation

Eurofound (2013), Tellabs, Internal restructuring in Finland, factsheet number 74936, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74936.