Deutsche Steinkohle (DSK)

Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Lohberg/Osterfeld, Warndt/Luisenthal
Sector
Mining / Quarrying
Mining And Quarrying
Mining Of Coal And Lignite
05 - Mining of coal and lignite
5,500 jobs
Number of planned job losses
Job loss
Announcement Date
14 August 2003
Employment effect (start)
1 September 2003
Foreseen end date
1 December 2005

Description

Since 1997 the German mining industry is regulated by the 'Kohlekompromiss', which foresees a gradual reduction of coal production and state aids into the sector until 2005. To meet these conditions set by the EU, DSK plans the closure of two mines by the end of 2005, which will lead to a loss of 5,500 jobs. Redeployment programmes (including training possibilities) have been set up to avoid any direct dismissals; these programmes are managed by DSK.

Sources

  • 23 September 2003: DSK Press release
  • 14 August 2003: Financial Times Deutschland
  • 19 September 2003: DSK Press release

Citation

Eurofound (2003), Deutsche Steinkohle (DSK), Internal restructuring in Germany, factsheet number 59197, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59197.