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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.32 - Manufacture of other parts and accessories for motor vehicles
New offshoring locations
Turkey
100 jobs Number of planned job losses
Announcement Date
5 May 2015
Employment effect (start)
30 September 2015
Foreseen end date
31 December 2016
Description
Odelo, a German producer of light emitting diodes for automotive rear lights and mirror indicators, will move its electronics production from Kamp-Lintfort to Istanbul by the end of September 2015. The closure of the plant in Kamp-Lintfort will affect 100 members of the staff. Around 50 jobs in Odelo LED's injection moulding department will remain in Kamp-Lintfort until the end of 2016. Odelo was acquired in 2011 by Bayraktarlar Group, and had begun to establish a LED production in Istanbul in autumn 2014.
Sources
5 May 2015: RP Online
Citation
Eurofound (2015), Odelo, Offshoring/Delocalisation in Germany, factsheet number 83097, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/83097.
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