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
150 jobs Number of planned job losses
Announcement Date
6 February 2009
Employment effect (start)
15 January 2009
Foreseen end date
30 April 2009
Description
As a result of the ongoing global economic crisis affecting the automotive industry, Epcos Elektronikai Alkatrész Kft., the Hungarian subsidiary of Epcos, announced the mass redundancy of 150 employees, reducing the plant's headcount to 1,300. The restructuring process was initiated in January and workers, who were notified at the beginning of February, are to be dismissed in April. The measure comes in accordance with the company's worldwide restructuring aimed to reduce costs, which caused the dismissal of 4,100 workers in total out of its 21,000 workforce globally.
Epcos is a global market leader in developing, manufacturing and marketing electronic components, modules and systems, such as capacitors, inductors and ceramic components of electrical devices mainly for the automotive industry.
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