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 (26 - 27) Manufacture of electrical, electronic and optical products 27.1 - Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus 27.12 - Manufacture of electricity distribution and control apparatus
135 jobs Number of planned job losses
Announcement Date
26 November 2014
Employment effect (start)
26 November 2014
Foreseen end date
28 February 2015
Description
Insolvent Telefunken Semiconductors will cease production in Heilbronn by February 2015 which will make 135 jobs redundant.
In the seventies, the company employed around 2,500 people in Heilbronn. However, Telefunken suffered from technological change and has filed for bankruptcy twice in the past year.
Sources
26 November 2014: Econo
Citation
Eurofound (2014), Telefunken Semiconductors, Bankruptcy in Germany, factsheet number 77958, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77958.
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