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 26.1 - Manufacture of electronic components and boards
300 jobs Number of planned job losses
Announcement Date
30 November 2016
Employment effect (start)
30 November 2016
Foreseen end date
31 May 2018
Description
On 30 November 2016, the provider of embedded Computer Technology Kontron announced to cut 300 jobs. Mainly affected will be the company's administration department. The management claims that the main reason for the restructuring is wan envisaged improvement in results to restore the company's profitability over the next one and a half years. Furthermore, Kontron restructuring plan also includes to strengthen the regional focus of the company’s structure.
Kontron announced to implement the job cuts in close and constructive cooperation with the company's works council.
At the moment, the company yet to release any information on which sites will be affected. Kontron has sites in Augsburg (headquarter), Deggendorf and Saarbrücken. However, Kontron also holds sales offices in other European countries, North America and Asia. Kontron currently employs 1,260 staff worldwide.
Sources
30 November 2016: Kontron press release
30 November 2016: finanznachrichten.de
2 December 2016: Augsburger Allgemeine (online)
Citation
Eurofound (2016), Kontron, Internal restructuring in Germany, factsheet number 89388, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89388.
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