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 Of Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22 - Manufacture of rubber and plastic products
New offshoring locations
Slovakia
160 jobs Number of planned job losses
Announcement Date
5 July 2005
Employment effect (start)
1 July 2006
Foreseen end date
30 September 2006
Description
Producer of smart cards Giesecke & Devrient has announced the transfer of parts of its production from Bavaria to Slovakia. 160 employees at the company's factory in Louisenthal are affected. A redundancy programme is being negotiated with workers' council. The management has explained the move with increased competition and shrinking margins.
Sources
6 July 2005: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2005), Giesecke & Devrient, Offshoring/Delocalisation in Germany, factsheet number 61974, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61974.
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