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
600 - 750 jobs Number of planned job losses
1,200 jobs Number of planned job creations
Announcement Date
25 April 2005
Employment effect (start)
30 April 2005
Foreseen end date
30 June 2006
Description
Siemens VDO Automotive, one of the world's leading supplier of electronics, electrical products to the automotive industry, announced the intention to move a part of its activity from a German site (Würzburg) to the Czech Rebuplic (Ostrava) in order to save manufacturing costs amounting to €38.1 million. The restructuring plan takes into account job cuts from current 1,564 to 814. German Trade Unions are strongly protesting against planned job reductions. The company intends to build a new plant in Ostrava and employ up to 1,200 people within two stages. The new production is to be launched in June 2006.
Sources
25 April 2005: Hospodárske noviny
22 April 2005: Focus Online
23 April 2005: Právo
Citation
Eurofound (2005), Siemens VDO Automotive, Offshoring/Delocalisation in European Union, factsheet number 61499, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61499.
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