Beyond the Board: Empowering the Next Generation of Tech Innovators in Electronics
The Government Circuit: Trump’s Trade War Disrupts the Electronics Ecosystem
Defense Speak Interpreted: Update on the Continuing Resolution and Budget Process for Defense
PartnerTech to Restructure Operations in Norway
November 18, 2015 | Globe NewswireEstimated reading time: Less than a minute
PartnerTech AB's Norwegian subsidiary, PartnerTech AS, has announced plans to restructure the company's operations. PartnerTech AS also will initiate a communication and negotiation process with the representatives of the personnel groups, in accordance with Norwegian legislation. The option of discontinuing production at the factory will also be discussed in the negotiations. The restructuring negotiations concern all personnel in PartnerTech AS.
The negative impact on earnings resulting from a possible factory closing is estimated at approximately €5 million to €7.5 million. The respective cash impact is estimated at approximately €3 million to €5.5 million.
Share on:
Suggested Items
Scanfil to Close Hungary Factory
11/11/2016 | ScanfilScanfil EMS Oy’s Hungarian subsidiary Scanfil Kft has decided to close down the factory in Biatorbagy, Hungary. Closing the factory will finalize the restructuring related to PartnerTech factory network integration.
Scanfil to Restructure Operations in China
06/27/2016 | ScanfilScanfil announced in the Interim Report on 29 April 2016 that measures to eliminate overlap and streamline the factory network have been started in China.
Scanfil Sweden Sells Shares in Partnertech Karlskoga
05/10/2016 | ScanfilThe Board of Directors of Scanfil Sweden AB has decided to sell the entire share capital of its subsidiary PartnerTech Karlskoga AB, located in Karlskoga, Sweden, for a nominal selling price.
Scanfil Sweden Sells Shares in Partnertech Aerodyn
02/23/2016 | ScanfilThe Board of Directors of Scanfil Sweden AB (former PartnerTech AB) has decided to sell the entire share capital of its subsidiary PartnerTech Aerodyn AB, located in Karlskoga, Sweden, for a cash selling price of EUR 350,000.
Partnertech’s Negotiations to Restructure Operations Closed
01/13/2016 | Globe NewswirePartnertech AB’s Norwegian subsidiary PartnerTech AS announced on 17 November 2015 the intent to reorganize operations of the company. At the same time, the company announced that they will start a communications and negotiations procedure with the representatives of the personnel groups as put forth in Norwegian law. The possibility of closing down the production of the plant was also discussed during the negotiations.
Copyright © 2025 I-Connect007 | IPC Publishing Group Inc. All rights reserved.
Log in