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 Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture of electrical equipment
New offshoring locations
Mexico, Czechia
250 jobs Number of planned job losses
Announcement Date
7 April 2006
Employment effect (start)
Foreseen end date
16 June 2009
Description
Kiekert AG, a manufacturer of electrical components for major automobile companies announced the reduction of 250 jobs and the relocation of new production programs to Mexico and the Czech Republic. By 2009, jobs in Germany will be reduced from 1,600 down to 1,350. Cost cutting pressures by car manufacturers are given as a reason. The company belongs to the private equity fund Permira.
Sources
7 April 2006: Financial Times Deutschland
Citation
Eurofound (2006), Kiekert AG, Offshoring/Delocalisation in Germany, factsheet number 63310, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63310.
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