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.
E.on, an energy service provider, said it would cut up to 11000 jobs globally. E.on has not yet detailed were the job cuts would take place. However, the German trade union Ver.di expects that 6000 jobs will be lost in Germany. Other sources point to plants in Munich, Hanover, Dusseldorf and Essen as threatened with closure.
E.on stresses that the reduction of 11000 jobs will not necessarily be reached by forced redundancies. Next to its German operations, E.on is active in the UK, Romania, Hungary, Sweden, Russia, the Czech Republic, Bulgaria, Italy, Poland, Spain and France. No details were given regarding the possible job cuts in these countries.
The company claims the need to cut costs, seen a loss making second quarter of 2011, weak energy and gas prices and the imminent German nuclear retreat.
UPDATE 25-05-2012: Eon specified some of its restructuring plans. Its sections for accounting and personnel matters will be centralized in Berlin, Germany, and Cluj, Romania, implying the relocation of 1,100 jobs. 1,200 jobs, which are included in the previously announced 11,000 job cuts, will be cut in these departments.
Eurofound (2011), E.on, Internal restructuring in European Union, factsheet number 72580, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/72580.
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