Edscha

Type
Internal restructuring
Country
European Union
Region
Location of affected unit(s)
England, France, Portugal, Germany
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.3 - Manufacture of motor vehicle parts and accessories
600 - 800 jobs
Number of planned job losses
Job loss
Announcement Date
12 August 2005
Employment effect (start)
1 September 2005
Foreseen end date
31 December 2005

Description

Supplier of roofs for convertibles and locks Edscha wants to cut 1,000 jobs and close factories in Portugal, England, France and Canada. Around 800 jobs will go at the European operations. Edscha has seen its turnover fall in a growing sector recently. Edscha is owned by financial investor Carlyle. Carlyle is said to want to sell Edscha soon and the cost cutting measures are supposed to lure potential buyers.

Sources

Citation

Eurofound (2005), Edscha, Internal restructuring in European Union, factsheet number 62100, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62100.