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 27.31 - Manufacture of fibre optic cables
New offshoring locations
Czechia
155 jobs Number of planned job losses
Announcement Date
19 October 2012
Employment effect (start)
30 November 2012
Foreseen end date
30 June 2013
Description
The management of TE Technology announced its intention to cut 155 jobs in Belgium.
According to reports, these jobs will be relocated, along with a part of the production, to the Czech Republic. The management justifies this decision as a necessity in order to remain competitive and to continue investing in innovation.
Sources
19 October 2012: RTBF.be
18 October 2012: Msn actualités
19 October 2012: Le Soir
Citation
Eurofound (2012), TE Connectivity, Offshoring/Delocalisation in Belgium, factsheet number 74357, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74357.
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