EMCC European Monitoring Centre on Change

Yazaki Wiring Technologies

Company/Organisation:
Yazaki Wiring Technologies

Geographic Location

Country: Slovakia
Region: Kosicky kraj; Vychodne Slovensko
Location of affected unit(s): Michalovce

Company

Sector: Manufacturing
Manufacture of transport equipment
29.31 - Manufacture of electrical and electronic equipment for motor vehicles
Number Employed: 2550
Group: Yazaki

Employment Effects

Announcement Date: 11-08-2017
Planned Job Reductions min: 600
Planned Job Reductions max: 600
Type of Restructuring: Offshoring/Delocalisation
Foreseen End Date: 30-09-2017
Direct Dismissals: 600

Additional Information

Japanese-owned Yazaki Wiring Technologies, which produces bunched cables for the automotive industry, is reported to be cutting jobs in its plant in Michalovce, Slovakia. According to available information, about 600 workers will be made redundant by September 2017. However, there are concerns that the restructuring may affect around 1,000 jobs at the factory. The redundancies are attributed to step-by-step offshoring of the company's production in Slovakia to Romania, where the group employs more than 4,500 people in three factories in Craiova, Arad and Plojest. In March 2017, the factory in Michalovce had 2,600 employees compared to the current 2,550 staff, suggesting that the reduction in staff has been underway for some time. Due to a lower amount of orders, the company's revenues fell by around 25% down to €85.8 million between 2015 and 2016.