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 26.30 - Manufacture of communication equipment
808 jobs Number of planned job losses
Announcement Date
27 June 2013
Employment effect (start)
1 July 2013
Foreseen end date
31 December 2013
Description
Renesas Mobile Europe, producer of wireless communication equipment, has announced the closure of its units in Finland with 808 layoffs. The company has concluded negotiations with employee representatives.
Renesas Electronics bought mobile phone maker Nokia's wireless modem unit in 2010. Due to financial difficulties the parent company has tried to sell the Finnish units. In the absence of a buyer, the company has decided to close them. Some 566 layoffs will occur in Oulu. There will be 94 layoffs in Salo, 82 in Helsinki and 66 in Tampere.
Sources
27 June 2013: Taloussanomat
27 June 2013: YLE News
Citation
Eurofound (2013), Mobile Europe, Closure in Finland, factsheet number 75575, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75575.
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