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 Computer, Electrical Electronic And Optical Products 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
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.
Eurofound (2007), Stocko Contact, Offshoring/Delocalisation in Belgium, factsheet number 65826, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65826.
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