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TMCNet: 'EB closes Turku site, sacks staff'

[April 09, 2009]

'EB closes Turku site, sacks staff'

Apr 09, 2009 (DMEUROPE via COMTEX) -- EB (Elektrobit) has decided to close its site in Turku on October 2009 and focus the wireless segment's research and development activities in Finland to the other existing sites in Oulu, Kajaani, Tampere and Espoo. The personnel negotiations were concluded on 7 April and maximum number of dismissal is 49 based on the restructuring, financial and production related reasons. The reduction of the personnel and closing of the Turku site are part of EB's actions to improve the profitability and adjust the cost structure. EB's target is to achieve EUR 40 million annual cost savings in comparison to the cost level of the first half of 2008.


Distributed for DMeurope.com via M2 Communications Ltd (www.m2.com)

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