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.
German energy provider RWE is to cut at least 2,350 jobs in Germany by 2016. The company suffers from declining electricity prices and faces a low utilization of gas and coal power stations.
The measure is part of a plan to cut 6,750 positions worldwide within the same timeframe. This includes the larger part of the at least 3,000 EU-wide job cuts in the power generation section announced in September, and likely also the 2,400 job cuts in Germany announced in 2012. Together with the latter measure, total reduction of job cuts in Germany amounts to 4,750 until 2016.
The company is to engage in talks with worker representatives in the beginning of 2014. Until the end of 2014, a collective agreement ensures dismissal protection in Germany, so RWE aims to avoid forced redundancies.
Eurofound (2013), RWE, Internal restructuring in Germany, factsheet number 76185, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/76185.
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