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 Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
New offshoring locations
China
1,300 jobs Number of planned job losses
Announcement Date
13 April 2004
Employment effect (start)
Foreseen end date
Description
Epcos, the German maker of electronic components once owned by Siemens, plans to relocate at least 1,300 jobs to low-wage countries, said chairman Gerhard Pegam in an interview for the Financial Times Deutschland. In three to five years more than 80 percent of the 13,300 employees will be based in low-wage countries (in China in particular) and that would mean a further 1,300 jobs would be relocated (3,700 employees in Germany in 2000).
Sources
13 April 2004: Financial Times Deutschland
Citation
Eurofound (2004), Epcos, Offshoring/Delocalisation in World, factsheet number 60314, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60314.
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