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
Hungary
182 jobs Number of planned job losses
Announcement Date
11 March 2004
Employment effect (start)
Foreseen end date
Description
Anoflex-Contitech, manufacturer of parts for cars and trucks, will cut 182 jobs, 97 salaried contracts and 85 interim contracts. Management proposes indemnities of 7,000 euros per worker, workers are asking for 15,000 euros. The company has registered a 7 million euros loss in 2002. Part of its activities had already been delocalised in Hungary, now a further delocalisation is considered in Tunisia.
Sources
11 March 2004: Les Echos
Citation
Eurofound (2004), Anoflex-Contitech, Offshoring/Delocalisation in France, factsheet number 60145, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60145.
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