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 For Transport Equipment Manufacture Of Other Transport Equipment 30.11 - Building of ships and floating structures
134 jobs Number of planned job losses
Announcement Date
15 February 2021
Employment effect (start)
15 February 2021
Foreseen end date
31 December 2021
Description
As announced on 15 February 2021, the German shipbuilding company German Naval Yards (GNY) will be cutting 134 jobs at its plant in Kiel due to internal restructuring until the end of 2021. According to the company the job reduction is inevitable due to the economic hardship caused by the COVID-19 crisis. The works’ council has agreed to a social plan which includes severance payments, early-retirement programmes and the set-up of a transfer company.
GNY has currently 500 employees at its plant in Kiel.
Eurofound (2021), German Naval Yards (GNY), Internal restructuring in Germany, factsheet number 103587, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/103587.
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