The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.32 - Manufacture of other electronic and electric wires and cables
180 jobs Number of planned job losses
Announcement Date
27 October 2020
Employment effect (start)
31 January 2021
Foreseen end date
Description
As announced on 27 October 2020, the German circuit board manufacturer Schoeller Electronics will close its only plant in Wetter at the end of January 2021, which will result in the loss of 180 jobs. Since the company had filed for bankruptcy in May 2020, Schoeller has been looking for a new investor – the search was unsuccessful. As a result, Schoeller will cease operations at the end of January 2021. The works council and the management are currently in negotiations regarding a social plan.
Eurofound (2020), Schoeller Electronics, Bankruptcy in Germany, factsheet number 102554, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102554.
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