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 27.3 - Manufacture of wiring and wiring devices
160 jobs Number of planned job losses
Announcement Date
17 September 2012
Employment effect (start)
31 December 2012
Foreseen end date
Description
Prysmian, a Berlin-based manufacturer of cables and cable systems for telecommunication systems, will close down one out of three German manufacturing plants. The product range of the Eschweiler plant, an acqusition from 2008, is said to be too narrow. The closure will result in 160 redundant positions.
Works council and trade unions have started protests; but the protest is not expected to change the restructuring plans.
Sources
17 September 2012: Aachener Zeitung
Citation
Eurofound (2012), Prysmian, Internal restructuring in Germany, factsheet number 74151, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74151.
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