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
New offshoring locations
Malaysia, Costa Rica
200 jobs Number of planned job losses
Announcement Date
16 June 2014
Employment effect (start)
31 December 2014
Foreseen end date
Description
Medical service provider and developer St. Jude Medical has announced that it will cut 200 jobs when it closes its site in Uppsala at the end of 2014. According to the source, St Jude Medical will relocate its productions to its existing sites in Malaysia and Costa Rica.
According to the source, St. Jude Medical claims the decision to relocate was for cost efficiency reasons. St Jude Medical has now entered into negotiations with employee groups. The source reports that St. Jude Medical Systems also has a sales office in Kista, but this site will not be affected by the job cuts.
The ERM previously reported on restructuring at St Jude Medical in 2011.
Sources
16 June 2014: Unt.se
Citation
Eurofound (2014), St. Jude Medical, Offshoring/Delocalisation in Sweden, factsheet number 77200, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77200.
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