PC vendor Escom is closing its production facility at its headquarters in Heppenheim, Germany. The closure will involve the loss of about 120 jobs and forms part of the troubled company's restructuring efforts following last year's $81.5 million net loss.
Production at the Heppenheim plant was responsible for about 65,000 units, accounting for some 10 per cent of group sales in 1995. Escom will rely on its plants in Holland and the Czech Republic as well as on production from outside contractors such as Computer Elektronik of Dresden.
Last month, Helmut Jost returned to Escom from the German arm of IBM following the departure of the company's founder, Manfred Schmitt.
Escom head of marketing Bernd Wirsing commented that the PC market suffers from overcapacity.
Struggling security titan makes three board appointments after investor took 5.8 per cent stake last month
Commvault ousted its CEO in May and has since undergone a radical refocus
As employees demand more flexible working environments, CRN asks how the channel is adapting to the changing working landscape
Wall Street less than impressed with Oracle's growth as cloud numbers remain hidden