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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.11 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
New offshoring locations
Romania
300 - 325 jobs Number of planned job losses
Announcement Date
4 November 2014
Employment effect (start)
1 December 2014
Foreseen end date
31 December 2016
Description
As announced on 4 November 2014, automotive supplier AB Elektronik is to cut between 300-325 out of 625 positions in Werne. Production shall partly be relocated to Rumania. The first production lines will be relocated in December 2014 and the whole process is set out to be finished by 2017. The programme will cause cost of around €30,5 million.
Management and trade union IG Metall agreed that 300 jobs will be save until the end of 2016. 140 of the job cuts shall be implemented in a socially acceptable manner.
AB Elektronik is a subsidiary of British TT-Electronics.
Sources
4 November 2014: wa.de
4 November 2014: Ruhrnachrichten Online
Citation
Eurofound (2014), AB Elektronik, Offshoring/Delocalisation in Germany, factsheet number 77796, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77796.
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