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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
New offshoring locations
Poland
250 jobs Number of planned job losses
Announcement Date
10 December 2020
Employment effect (start)
10 December 2020
Foreseen end date
31 December 2020
Description
As announced on 10 December 2020, the US automotive supplier Eaton will be closing its valve production plant in Nordhausen which will result in the loss of 250 jobs by the end of 2020. The production will be relocated to Poland. The worker' union IG Metall and works’ council had previously been in constant negotiations to save the plant’s future – unsuccessfully. All employees will now benefit from a generous social plan, which includes high severance payments and a transfer company which will offer employees further training programmes to increase their re-hiring chances on the German job market.
Eurofound (2020), Eaton, Offshoring/Delocalisation in Germany, factsheet number 102916, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102916.
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