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.
Manufacturing Manufacture Of Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20.15 - Manufacture of fertilisers and nitrogen compounds
100 jobs Number of planned job losses
Announcement Date
22 January 2020
Employment effect (start)
22 January 2020
Foreseen end date
31 December 2021
Description
German fertiliser and salt producer K+S will be cutting 100 jobs at its plant in Herringen (Werra) by the end of 2021 due to internal restructuring. The job reduction is part of a larger restructuring programme called ‘Shaping 2030’ to make the company more efficient and profitable. The goal is to optimise processes. According to management, K+S will try to avoid compulsory redundancies and achieve the job reduction by natural fluctation.
Currently, K+S has 4,400 employees at its plant in Herringen (Werra).
Eurofound (2020), K + S , Internal restructuring in Germany, factsheet number 100340, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/100340.
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