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.
Oil Company BP confirmed plans to cut between 270 and 307 jobs in its refinery in Gelsenkirchen by 2020. BP already announced these plans in January, however, at the time the company did not mention any concrete numbers or locations.
The management assured that dismissals due to operational reasons are to be avoided. The executive board and the works’ council are currently negotiating severance packages which will feature retirements, outsourcing and termination agreements.
The main cause of these job reductions are continuous decreasing oil prices and resulting losses in 2015. In additiion, competition is becoming increasingly fierce in the petrol station and refinery market across Europe. Nevertheless, there is also an increase in demand for engineers at BP's site in Gelsenkirchen. About 20 new positions will be filled. Moreover, there are no indications for further redundancies.
BP currently employs 5,500 staff in Germany.
Update 04/04/2016:
On 31st March, BP reported on the results of the negotiations with employee representatives. In total, 580 jobs will be cut in Germany. Further job cuts are a result of the disbanding of the Ruhr Oel Venture, a joint venture between BP and the Russian oil company Rosneft. At the company's administration site in Bochum 210 jobs will be cut by the end of 2017. A further 370 jobs will be cut in the refineries in Gelsenkirchen (270) and Lingen (100) by the end of 2020. Dismissals due to operational reasons are to be avoided. Severance packages for employees seeking to leave the company voluntary are being negotiated.
Eurofound (2016), BP, Internal restructuring in Germany, factsheet number 86489, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/86489.
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