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 (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
400 jobs Number of planned job losses
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://apps.eurofound.europa.eu/restructuring-events/detail/60806.