Electronics Production |
Job cuts at Xentenio, former Elcoteq plant
Germany based EMS provider Xentenio, a previously Elcoteq owned plant in Offenburg, Germany is shedding 55 jobs.
Xentenio which, through local investment firm BAVARIA Industriekapital AG bough the Elcoteq plant in Offenburg in Germany, is cutting 55 jobs. The reason for this downsizing are financial difficulties. According to labour union representatives, the employees have been offered a social plan. The plan offered to the employees is limited to a maximum of 115 000 euros.
