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
600 - 800 jobs Number of planned job losses
Announcement Date
12 August 2005
Employment effect (start)
1 September 2005
Foreseen end date
31 December 2005
Description
Supplier of roofs for convertibles and locks Edscha wants to cut 1,000 jobs and close factories in Portugal, England, France and Canada. Around 800 jobs will go at the European operations. Edscha has seen its turnover fall in a growing sector recently. Edscha is owned by financial investor Carlyle. Carlyle is said to want to sell Edscha soon and the cost cutting measures are supposed to lure potential buyers.
Eurofound (2005), Edscha, Internal restructuring in European Union, factsheet number 62100, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62100.
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