Giesecke & Devrient

Type
Offshoring/Delocalisation
Country
Germany
Region
Bayern; Oberbayern; Miesbach
Location of affected unit(s)
Louisenthal
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
22 - Manufacture of rubber and plastic products
22 - Manufacture of rubber and plastic products
New offshoring locations
Slovakia
160 jobs
Number of planned job losses
Job loss
Announcement Date
5 July 2005
Employment effect (start)
1 July 2006
Foreseen end date
30 September 2006

Description

Producer of smart cards Giesecke & Devrient has announced the transfer of parts of its production from Bavaria to Slovakia. 160 employees at the company's factory in Louisenthal are affected. A redundancy programme is being negotiated with workers' council. The management has explained the move with increased competition and shrinking margins.

Sources

  • 6 July 2005: Frankfurter Allgemeine Zeitung

Citation

Eurofound (2005), Giesecke & Devrient, Offshoring/Delocalisation in Germany, factsheet number 61974, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61974.