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.
On 12 July 2017, PreussenElektra, a subsidiary of electricity company E.on, announced it will cut up to 1,000 jobs by 2026.
PreussenElektra builds, operates and decommissions nuclear power plants. As Germany is phasing out its nuclear energy program until 2022, the company has to restructure and wants to relay focus to decommissioning nuclear power plants.
The management proposed the Mining, Chemicals and Energy Industrial Union to avoid compulsory redundancies until 2026, but demanded in return an increase of 2 more working hours weekly and a wage reduction. The union rejected this proposal.
Already in March 2017, E.on announced to cut up to 1,000 jobs in Germany, see (Eon, 2017). According to PreussenElektra, the job cuts at E.on are a separate measure.
PreussenElektra employs about 2,000 staff members.
Eurofound (2017), PreussenElektra, Internal restructuring in Germany, factsheet number 91509, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/91509.
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