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Schneider Electric to move transformer production to Poland

2015-5-22 Reuters

France, Paris: French group Schneider Electric plans to move production of its biggest-selling power transformers to Poland and cut as many as 170 domestic jobs, reports Reuters citing the French daily Les Echos.

Schneider Electric will stop the production of high-volume power transformers for power grid operators at its manufacturing plants in northern and eastern France in response to tougher price competition from rivals such as ABB and Siemens, according to Les Echos.

The French newspaper has not cited sources of this news. 

Source: Reuters 

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