Glamox

Type
Reshoring
Country
Poland
Reshoring from
Germany
Reshored business function
Production
Region
Location of affected unit(s)
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27.4 - Manufacture of lighting equipment
27.4 - Manufacture of lighting equipment
No information on job gains number available
Announcement Date
29 November 2021
Employment effect (start)
1 January 2022
Foreseen end date
31 December 2023

Description

Glamox is Norwegian lighting manufacturer. It relocated production from Germany to Poland and Norway and closed the German production facilities in 2022. This operation led to financial challenges non-recurring negative impact on EBITDA. The restructuring was expected to have a positive annual EBITDA effect after being fully implemented in 2023.The company's long-term outlook is optimistic, emphasizing increased focus on energy efficiency and digitalization.

Sources

Citation

Eurofound (2021), Glamox, Reshoring in Poland, factsheet number 300, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/300.