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.
As announced on December 16, 2011, German Energy Provider RWE Power will cut about 1,000 jobs until the end of 2016 in Germany. This is due to denuclearization and the resulting closure of Biblis nuclear power station as well as the opening of new coal-fired power stations, which are less personnel-intensive than the replaced ones.
The company is reported to be willing to avoid forced redundancies. The restructuring is said to be implemented in close consultation with the trade unions. Worldwide, up to 8,000 jobs are affected by the restructuring.
RWE employs around 17,000 people in Germany.
Eurofound (2011), RWE Power, Internal restructuring in Germany, factsheet number 72879, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/72879.
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