Eaton

Type
Offshoring/Delocalisation
Country
Netherlands
Region
Oost-Nederland; Overijssel; Twente
Location of affected unit(s)
Hengelo
Sector
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
New offshoring locations
Hungary, Turkey
300 jobs
Number of planned job losses
Job loss
Announcement Date
1 July 2020
Employment effect (start)
Foreseen end date

Description

Eaton Industries, an American manufacturer of electrical equipment, cuts 300 jobs at its plant in Hengelo. The Dutch locations of the company have not been profitable in recent years and Eaton has decided to move part of the production to Hungary and Turkey. The job cuts will affect 240 employees with permanent contracts and 60 employees with flexible contracts. 

In recent years, there have been multiple reorganisations at the Dutch branch of Eaton; a social plan is still in place based on a previous reorganisation. The factory in Hengelo was known as Holec before it was taken over by Eaton. In the past 5 years it has been downsized from 1,000 employees to only 400 after this new reorganisation.

Sources

  • 1 July 2020: Het Financieele Dagblad (fd.nl)

Citation

Eurofound (2020), Eaton, Offshoring/Delocalisation in Netherlands, factsheet number 101124, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101124.