Yageo

Type
Offshoring/Delocalisation
Country
Netherlands
Region
Zuid-Nederland; Limburg (NL); Midden-Limburg
Location of affected unit(s)
Roermond
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
23.4 - Manufacture of other porcelain and ceramic products
23.44 - Manufacture of other technical ceramic products
New offshoring locations
Not Available
300 jobs
Number of planned job losses
Job loss
Announcement Date
19 November 2004
Employment effect (start)
Foreseen end date

Description

Yageo announced it will close its production (ceramic condensators) site in Roermond as the production cost is said to be too high. The production will be relocated in Asia. 300 jobs will be shed and 50 jobs will remain in the marketing and development departments.

Sources

  • 22 November 2004: FNV Bondgenoten Nieuws
  • 19 November 2004: MD Business News

Citation

Eurofound (2004), Yageo, Offshoring/Delocalisation in Netherlands, factsheet number 60815, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60815.