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 Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
New offshoring locations
Netherlands, Saudi Arabia, Malaysia
130 jobs Number of planned job losses
Announcement Date
9 May 2014
Employment effect (start)
Foreseen end date
Description
Global gas measurement and handling equipment manufacturer Elster Instromet group is to cut 130 jobs in Essen. As announced the group plans to restructure its site in Essen due to high operating costs and transfer its activities to other group establishments in the Netherlands, Malaysia and Saudi Arabia. As reported, the trade unions reacted strongly to the plan. Elster Instromet group is part of the Elster group and operates globally in more than 40 countries. The timeline for the restructuring plans is not yet available.
Sources
9 May 2014: De Standaard
9 May 2014: Gazet van Antwerpen
Citation
Eurofound (2014), Elster-Instromet, Offshoring/Delocalisation in Belgium, factsheet number 77019, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77019.
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