Restructuring events
European Restructuring Monitor (ERM)
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.
JCB first acquired Vibromax in 2005. Now, due to changes in market demand, the company plans to close its plant in Gatersleben near Leipzig. As reported in the European Restructuring Monitor, this closure will result in the loss of approximately 145 jobs at the factory in Germany, while 90 jobs will be created in the UK and India. Production will relocate to Uttoxeter and Cheadle, England; and Pune, India. Chief executive of JCB, Graeme Macdonald, said: “The decision to relocate production of compaction equipment to factories in the UK and India is right for our business. The decision wasn’t taken lightly and the impact on our employees in Germany is regrettable. “Demand for compaction equipment has shifted towards emerging markets and manufacturing smaller models in the UK and larger equipment in India is in our customers’ best interests, especially in light of our recent investments in new compaction products". “This will improve the competitiveness of JCB in the compaction sector. It will also create a far more sustainable position on which we can build as we grow the business in the future.”
Eurofound (2014), JCB, Reshoring in United Kingdom, factsheet number 233, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/233.
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