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Electronics Production | December 13, 2011

TomTom lays off 10% of workforce

TomTom reorganises R&D and lays off 10% of workforce.
Existing R&D activities will be regrouped in ten product units: Maps, Traffic, Navigation, Automotive Systems, PNDs, Fleetservices, Fitness, Mobile, POIs and Speedcams. Each product unit is mandated to invest in the ongoing development of a well-defined product category to deliver the best products to our customers.

TomTom CEO Harold Goddijn said:

"We will reduce the number of full time jobs by 457, which accounts for approximately 10% of the total workforce. 255 roles will be made redundant, half of which are in The Netherlands. The remainder will be achieved through attrition. A restructuring charge of €14 million will be booked in Q4 2011 in relation to the redundancies and rationalisation of office space."

Local media also reports that 33 jobs will be cut in Belgium (Gent).

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