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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
New offshoring locations
Czechia
200 jobs Number of planned job losses
Announcement Date
22 April 2005
Employment effect (start)
1 July 2005
Foreseen end date
30 June 2009
Description
Siemens VDO, a supplier of automotive components, will cut 200 jobs. Originally, Siemens VDO had planned to shed 600 jobs and the transferral of production lines to the Czech Republic. Workers' representatives have accepted pay cuts and more flexibility in order to prevent the off-shoring to Ostrava. There shall be no lay offs, the job losses are to be managed sozialverträglich that is in a socially acceptable way through fluctuation and early retirement.
Sources
10 June 2005: br-online.de
22 April 2005: Focus Online
Citation
Eurofound (2005), Siemens VDO, Offshoring/Delocalisation in Germany, factsheet number 61471, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61471.
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