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 Electrical Equipment 27 - Manufacture of electrical equipment
140 jobs Number of planned job losses
Announcement Date
16 February 2005
Employment effect (start)
Foreseen end date
Description
Vossloh-Schwabe manufactures electrical and electronic components for the lighting industry. Due to overcapacity, to the rise of the energy prices, the strong position the euro, and the losses accumulated since 2001, the enterprise had to take measures. Part of the jobs will be cut, others will be relocated to the French site and to Eastern Europa. Since August 2002 the Vossloh-Schwabe-Gruppe belongs to the Japan Matsushita Electric Works. Vossloh-Schwabe employs worldwide some 1,450 people on 25 sites.
Sources
16 February 2005: Stuttgarter Zeitung
Citation
Eurofound (2005), Vossloh Schwabe, Internal restructuring in Germany, factsheet number 61214, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61214.
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