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 electrical, electronic and optical products Manufacture of computer, electronic and optical products 26 - Manufacture of computer, electronic and optical products
300 - 450 jobs Number of planned job losses
Announcement Date
18 November 2005
Employment effect (start)
1 January 2006
Foreseen end date
31 December 2008
Description
Epcos, a supplier of computer hardware, has announced that it will cut between 300 and 450 jobs in Germany over the coming 3 years. Epcos has posted a loss of €119 million in 2004. Reason for the losses and the following cost-cutting measure is is the dramatic price war in the computer sector, said Epcos' chairman. The jobs will be cut in Heidenheim (Baden-Würtemberg) and Munich (Bavaria).
Eurofound (2005), Epcos, Internal restructuring in Germany, factsheet number 62545, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62545.
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