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 Manufacturing Of Furniture And Other Manufacturing Other Manufacturing 32 - Other manufacturing
1,600 jobs Number of planned job losses
Announcement Date
18 January 2005
Employment effect (start)
Foreseen end date
Description
Rusch a company that manufactures medical equipment said that it is cutting 1,600 jobs world-wide and relocating its production to Mexico and Malaysia. The company is part of the US firm Teleflex, which has headquarters in Pennsylvania. In a statement the company said it was a difficult decision. The company has said the closure, which will happen by the end of 2005, is part of a global plan which will see its operations shut in 20 locations. The move is part of a wider restructuring of the firm's European operations, which will also result in job cuts in Cardiff and the closure of two factories in Austria.
Sources
18 January 2005: BBC News
Citation
Eurofound (2005), Rusch, Internal restructuring in World, factsheet number 61028, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61028.
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