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
450 jobs Number of planned job losses
Announcement Date
21 March 2005
Employment effect (start)
Foreseen end date
Description
It is now believed that 450 jobs could be cut at a microchip factory owned by Dutch electronics group Philips in Hamburg. A dispute has been continuing since October 2004 regarding a reduction in labour costs at the site, and no progress has been made in negotiations. Philips is reported to have said that a fifth of the jobs at the site could be cut unless an agreement is reached. The factory employs 2,200 staff in total.
Sources
21 March 2005: Financial Times Deutschland
Citation
Eurofound (2005), Philips, Internal restructuring in Germany, factsheet number 61335, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61335.
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