| Elcoteq Looking at Possible Restructuring |
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| Written by Mike Buetow | |||
| Thursday, 09 March 2006 11:44 | |||
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HELSINKI -- Elcoteq, Europe's largest EMS company, is in negotiations with workers from several of its Finland plants over possible layoffs. Elcoteq met this week with personnel representatives of its Lohja manufacturing plant to discuss layoffs that would affect, per company estimates, at most 120 workers, or 13.7% of Elcoteq's Finnish workforce. Lohja is the company's product development and NPI center in Finland. The plants affected include sites in Espoo, Lohja, Salo and Turku. According to the company, negotiations are addressing the possible restructuring of the operations of these units, as well as possible temporary or permanent layoffs, or switching workers to part-time. Elcoteq has currently roughly 20,000 employees worldwide, approximately 870 of whom work in the company's units in Finland.
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