Internal restructuring
Location of affected unit(s)
Europe (Eindhoven, Delfzijl), America, Asia
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Electrical Equipment
27 - Manufacture of electrical equipment

700 - 800 jobs
Number of planned job losses
Job loss
Announcement Date
8 August 2002
Employment effect (start)
Foreseen end date
1 September 2002


To address the current market situation and restore profitability, Draka announced new cost cuts on 8 August 2002 that will bring about a structural lowering of the level of costs. These plans, which are currently being implemented, will involve the loss of around 700 jobs, or approximately 9% of Draka’s total workforce. The majority of the jobs will be shed in Draka’s Telecommunication Cable & Systems Product Group, with the loss of around 380 jobs or about 20% of the Product Group’s total work force. The remaining 320 jobs will be lost at the Low-Voltage & Special-Purpose Cable Product Group, representing 5% of its total workforce.

On 07/03/2003 100 jobs more to be suppressed.



Eurofound (2002), Draka, Internal restructuring in World, factsheet number 59892, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59892.