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 Electrical Equipment 27 - Manufacture of electrical equipment
174 jobs Number of planned job losses
Announcement Date
21 January 2009
Employment effect (start)
2 March 2009
Foreseen end date
29 May 2009
Description
Japanese owned cable harness manufacturer, Euro Wire and Cable Services (EWCS), has initiated the closure of its Tatabánya plant. The measure will affect all 174 workers employed in the wire harness production facility. Mass redundancy was decided in February 2009 and workers are to receive layoff notice between March and April. The company promised to help dismissed workers raising their redundancy money.
The Hungarian unit has supplied the automotive and medical equipment industries since 1997.The closure of the plant was justified with the falling demand for the products manufactured at the Tatabánya facility caused by the global economical crisis.
The Hungarian plant is part of Himeji-City (Japan) based Hayakawa Densen Kogyo Co.Ltd., which was founded in 1964. The company has production facilities in Asia, America and Europe.
Sources
22 January 2009: Népszabadság
22 January 2009: Menedzsment Fórum
22 January 2009: Heti Világgazdaság
22 January 2009: HR Portal
Citation
Eurofound (2009), Euro Wire and Cable Services (EWCS), Closure in Hungary, factsheet number 68643, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68643.
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