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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Other Non-Metallic Mineral Products 23.44 - Manufacture of other technical ceramic products
New offshoring locations
Not Available
300 jobs Number of planned job losses
Announcement Date
19 November 2004
Employment effect (start)
Foreseen end date
Description
Yageo announced it will close its production (ceramic condensators) site in Roermond as the production cost is said to be too high. The production will be relocated in Asia. 300 jobs will be shed and 50 jobs will remain in the marketing and development departments.
Sources
22 November 2004: FNV Bondgenoten Nieuws
19 November 2004: MD Business News
Citation
Eurofound (2004), Yageo, Offshoring/Delocalisation in Netherlands, factsheet number 60815, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60815.
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