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
Latvia
105 jobs Number of planned job losses
Announcement Date
1 January 2004
Employment effect (start)
Foreseen end date
Description
IRCI is the Italian subsidiary of the US multinational company International Rectifier Corporation and employs 477 in two plants, both located in Piedmont (Venaria and Borgaro). At the end of 2003, the company management announced a further employment cut after that implemented in spring 2003, which involved some 150 people, who are now covered by the special wages guarantee fund. The new reduction will affect 105 workers of the Venaria plant, mainly white-collar employees (90 people) and some managers (15 people). By this reduction, employment at the Venaria plant should be reduced down to some 30 workers from a former level of about 250. The production of the Venaria plant is supposed to be relocated in Latvia.
Sources
31 December 2003: Il Sole 24 Ore
Citation
Eurofound (2004), International Rectifier, Offshoring/Delocalisation in Italy, factsheet number 59715, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59715.
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