Philips

Type
Internal restructuring
Country
Germany
Region
Hamburg; Hamburg; Hamburg
Location of affected unit(s)
Hamburg
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
450 jobs
Number of planned job losses
Job loss
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://apps.eurofound.europa.eu/restructuring-events/detail/61335.