Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Computer, Electronic And Optical Products
26 - Manufacture of computer, electronic and optical products

400 jobs
Number of planned job losses
Job loss
Announcement Date
10 November 2004
Employment effect (start)
10 November 2004
Foreseen end date
10 November 2006

Description

Epcos, the German manufacturer of electronic components once owned by Siemens, plans to cut 400 jobs in Germany in the two next years said chairman Gerhard Pegam. There were 2,200 employees in Germany in September 2004. This is part of the worlwide cost cutting program of the enterprise.


Sources

  • 10 November 2004: Dow Jones VWD News

Citation

Eurofound (2004), Epcos, Internal restructuring in Germany, factsheet number 60806, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60806.