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.
Retail Wholesale Trade, Except Of Motor Vehicles And Motorcycles Wholesale Trade, Except Of Motor Vehicles And Motorcycles 46 - Wholesale trade, except of motor vehicles and motorcycles
New offshoring locations
Czechia
360 jobs Number of planned job losses
Announcement Date
3 December 2004
Employment effect (start)
Foreseen end date
31 December 2005
Description
German household goods maker Leifheit AG plans to reduce its production in Germany, relocating capacities abroad, the company said on 2 December 2004. Leifheit will cut 360 jobs by the end of 2005 and plans to close the production of consumer scales. The site location in Nassau, western Germany, and the plant in Zuzenhausen, southwestern Germany, will be transformed into logistics centres. Production will partly be shifted to a Leifheit factory in the Czech Republic, where 80 jobs will be created. Some lines will be given up completely and will instead be sourced from East Asia. Leifheit has seen its turnover shrink since 2002 and wants to turn the tide with its cost-cutting measures. Competition from Asia and the strong Euro left no other choice, as chairman of the board Hans-Georg Franke said.
Sources
21 April 2005: Frankfurter Allgemeine Zeitung
3 December 2004: Handelsblatt
Citation
Eurofound (2004), Leifheit, Offshoring/Delocalisation in Germany, factsheet number 60954, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60954.
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