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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.1 - Manufacture Of General-Purpose Machinery
No information on job gains number available
Announcement Date
6 November 2018
Employment effect (start)
1 January 2018
Foreseen end date
1 December 2020
Description
Schaeffler is a German manufacturer of automotive components. In the next two years, the company will close down two manufacturing facilities in Uk, and will relocalise the production in Germany, USA China and South Korea. The main reasons are the uncertainty connected with the Brexit and the vicinity with the costumers since the 85% of the UKÂ production is exported to the continental Europe. These relocations are part of a bigger reorganization plan in which also the logistics centres in Hereford and Sutton Coldfield will be merged.
Eurofound (2018), Schaeffler, Reshoring in Germany, factsheet number 5, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/5.
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