Stocko Contact

Type
Offshoring/Delocalisation
Country
Belgium
Region
Région wallonne; Prov. Liège; Arr. Verviers — communes francophones
Location of affected unit(s)
Malmédy
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
New offshoring locations
Germany, Czechia
135 jobs
Number of planned job losses
Job loss
Announcement Date
14 September 2007
Employment effect (start)
1 October 2007
Foreseen end date
30 January 2009

Description

Stocko Contact, a manufacturer of electronic mechanical components and a subsidiary of the group Wieland, is to close its site in Malmédy with the loss of 135 jobs. The work carried out at the Malmédy site will be 'offshored' to sites in Germany and Czech Republic. Management at Stocko Contact have attributed the decision to high raw material costs and the subsequent need to save money.

Sources

  • 20 September 2007: La Meuse
  • 15 September 2007: La Meuse
  • www.6com.be

Citation

Eurofound (2007), Stocko Contact, Offshoring/Delocalisation in Belgium, factsheet number 65826, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65826.