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 - Manufacture of electrical equipment
New offshoring locations
100 jobs Number of planned job losses
Announcement Date
10 January 2004
Employment effect (start)
1 June 2004
Foreseen end date
1 June 2004
Description
This restructuring is part of the worldwide restructuring of Philips in order to reduce production costs. More than 60,000 workers around the world could loose their jobs.
The production chain in Spain, which manufactured lamps and industrial illumination, could be moved to France, Germany and Poland.
Eurofound (2004), Philips, Offshoring/Delocalisation in Spain, factsheet number 59652, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59652.
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