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 27.5 - Manufacture Of Domestic Appliances
No information on job gains number available
Announcement Date
14 October 2016
Employment effect (start)
1 January 2016
Foreseen end date
1 December 2020
Description
Electrostar is a Germany based company producing domestic appliances. In 2016, the company started to relocate in the home country production activities earlier offshored to China. It is expected all the production activities will be back-shored by the end of 2020. The company declared the relocation decision was based on several motivations: a) reduction of cost advantages initially offered by China; b) reduction of the lot size due to the firm's decision to increase the number of product variants; c) quality concerns; e) higher flexibility offered by producing in Germany; f) delivery time, and g) lower cost of storage.
Eurofound (2016), Electrostar, Reshoring in Germany, factsheet number 58, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/58.
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