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
190 jobs Number of planned job losses
Announcement Date
26 July 2009
Employment effect (start)
Foreseen end date
Description
On 26 July 2009, Singulus, a manufacturer of Blu-ray Disc, DVD and CD devices, announced to cut 190 out of 700 jobs worldwide. Job cuts are part of a restructuring programme dealing with the negative impact of the global economic crisis. The company's revenue for the first half of 2009 shrunk to 67.1 million euro (compared to the prior-year total of 81.3 million euro). Details on timelines or affected sites have not been released so far.
Sources
27 July 2009: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2009), Singulus, Internal restructuring in World, factsheet number 69336, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/69336.
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