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 27 - Manufacture of electrical equipment 27 - Manufacture of electrical equipment
150 jobs Number of planned job losses
Announcement Date
10 December 2007
Employment effect (start)
1 January 2008
Foreseen end date
31 January 2008
Description
PartnerTech, a manufacturer of electronic and mechanical products, has announced that it is to cut approximately 150 jobs primarily at production units in Sweden, Finland and the UK. The redundancies are a consequence of an internal restructuring programme aimed at adjusting costs to lower sales and streamlining operations. The implementation of the programme will save an estimated SEK 100 million on a full-year basis. PartnerTech employs 719 in Sweden, 180 in Finland and 281 in the UK.
Sources
11 December 2007: Dagens Industri
Citation
Eurofound (2007), Partnertech, Internal restructuring in European Union, factsheet number 66173, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/66173.
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