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
Not Available
70 jobs Number of planned job losses
Announcement Date
16 May 2003
Employment effect (start)
Foreseen end date
1 August 2003
Description
Kromberg and Schubert is based in Waterford, south east Ireland. It supplies harnesses and cables to the major auto manufactures in Europe. The redundancies will mean that the workforce will be cut in half. At its peak in the 1970s, the company employed in excess of 1,000 people. However, since the mid-1990s the workforce has been hit by a succession of job cuts, with production being outsourced to lower labour cost countries, particularly in eastern Europe.
Sources
29 May 2003: Industrial relations news
Citation
Eurofound (2003), Kromberg and Schubert, Offshoring/Delocalisation in Ireland, factsheet number 59959, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59959.
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