Carl Zeiss Vision

Type
Offshoring/Delocalisation
Country
Germany
Region
Baden-Württemberg; Stuttgart; Ostalbkreis
Location of affected unit(s)
Aalen
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
New offshoring locations
Hungary
400 jobs
Number of planned job losses
Job loss
Announcement Date
21 September 2005
Employment effect (start)
31 December 2007
Foreseen end date
31 December 2007

Description

Producer of eyeglass lenses Carl Zeiss Vision will transfer parts of its production to Hungary, the company announced. Carl Zeiss Vision is partly owned by private equity investor EQT. Local politicians expressed their discontent with the company's decision. Negotiations with trade union officials are to begin soon.

Sources

Citation

Eurofound (2005), Carl Zeiss Vision, Offshoring/Delocalisation in Germany, factsheet number 62278, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62278.