Telefunken Semiconductors

Type
Bankruptcy
Country
Germany
Region
Baden-Württemberg; Stuttgart; Heilbronn, Stadtkreis
Location of affected unit(s)
Heilbronn
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27.1 - Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus
27.12 - Manufacture of electricity distribution and control apparatus
135 jobs
Number of planned job losses
Job loss
Announcement Date
26 November 2014
Employment effect (start)
26 November 2014
Foreseen end date
28 February 2015

Description

Insolvent Telefunken Semiconductors will cease production in Heilbronn by February 2015 which will make 135 jobs redundant.

In the seventies, the company employed around 2,500 people in Heilbronn. However, Telefunken suffered from technological change and has filed for bankruptcy twice in the past year.

Sources

  • 26 November 2014: Econo

Citation

Eurofound (2014), Telefunken Semiconductors, Bankruptcy in Germany, factsheet number 77958, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77958.