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.
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35.11 - Production of electricity
254 jobs Number of planned job losses
Announcement Date
1 December 2020
Employment effect (start)
1 December 2020
Foreseen end date
Description
The electricity company RWE announced to close two of its plants at the end of 2020, affecting 254 employees. After the German Federal Network Agency announced the need to close the two RWE plants, the company now has to implement job cuts at its plants in Hamm and Ibbenbürren (North Rhine-Westphalia). The closure of the coal-fired power plants is part of the transition to carbon neutral economy as RWE aims to become climate neutral by 2040. Already in summer 2020, the company has concluded a collective agreement preventing dismissals due to operational reasons. Therefore, the company will now start negotiating with its works council on job redundancy solutions that are socially acceptable. As of 1 December 2020, there is no news on a final date by which the job cuts need to be implemented.
Eurofound (2020), RWE, Closure in Germany, factsheet number 102890, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102890.
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