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.
(10 - 33) 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
290 jobs Number of planned job losses
Announcement Date
3 February 2003
Employment effect (start)
1 January 2003
Foreseen end date
1 March 2003
Description
The Japanese company NEC laid off 290 workers in relation with an internal restructuring plan. It closed down some of its production lines and reduced its expenses regarding investment. These sections were relocated to Japan.
Sources
3 February 2003: CGTP
Citation
Eurofound (2003), NEC, Internal restructuring in Portugal, factsheet number 58853, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/58853.
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