Epcos

Type
Offshoring/Delocalisation
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
New offshoring locations
China
1,300 jobs
Number of planned job losses
Job loss
Announcement Date
13 April 2004
Employment effect (start)
Foreseen end date

Description

Epcos, the German maker of electronic components once owned by Siemens, plans to relocate at least 1,300 jobs to low-wage countries, said chairman Gerhard Pegam in an interview for the Financial Times Deutschland. In three to five years more than 80 percent of the 13,300 employees will be based in low-wage countries (in China in particular) and that would mean a further 1,300 jobs would be relocated (3,700 employees in Germany in 2000).

Sources

  • 13 April 2004: Financial Times Deutschland

Citation

Eurofound (2004), Epcos, Offshoring/Delocalisation in World, factsheet number 60314, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60314.