EMCC European Monitoring Centre on Change

Yageo

Company/Organisation:
Yageo

Geographic Location

Country: Netherlands
Region: Limburg (NL); Zuid-Nederland
Location of affected unit(s): Roermond

Company

Sector: Manufacturing
Manufacture of rubber and plastics products, and other non-metallic mineral products
23.44 - Manufacture of other technical ceramic products
Number Employed: 350

Employment Effects

Announcement Date: 19-11-2004
Planned Job Reductions min: 300
Planned Job Reductions max: 300
Type of Restructuring: Offshoring/Delocalisation

Additional Information

Yageo announced it will close its production (ceramic condensators) site in Roermond as the production cost is said to be too high. The production will be relocated in Asia. 300 jobs will be shed and 50 jobs will remain in the marketing and development departments.