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 Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
New offshoring locations
Hungary, China
292 jobs Number of planned job losses
Announcement Date
31 August 2004
Employment effect (start)
Foreseen end date
Description
The American company Vishay is closing down its site in Colmar, producing diodes. The market shifting towards the east, the prices have fallen in the past few years. The production site of Colmar was in competition with two other factories within Vishay, one in Hungary, one in China. Internal move measures will be proposed to 40 employees. A special reconversion unit has been set up by Vishay to develop new activities on the site.
Sources
31 August 2004: Les Echos
Citation
Eurofound (2004), Vishay, Offshoring/Delocalisation in France, factsheet number 60615, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60615.
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