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
Slovakia
420 jobs Number of planned job losses
Announcement Date
16 May 2006
Employment effect (start)
Foreseen end date
Description
Continental Teves, Ebbw Vale Management plan to cut 420 jobs from the Continental Teves plant. The firm is the latest in a series of major employers to pull out of the area, leaving people in the town - at one time the heart of the south Wales steel industry - wondering where they will find work. The 420-strong workforce producing brake callipers for the motor industry production will be redundant when the firm shifts work to Slovakia
Sources
16 May 2006: BBC Website
Citation
Eurofound (2006), Continental Teves, Offshoring/Delocalisation in United Kingdom, factsheet number 63514, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63514.
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