Type
Bankruptcy
Country
World
Region
Location of affected unit(s)
Sector
Utilities
Electricity, Gas, Steam And Air Conditioning Supply
Electricity, Gas, Steam And Air Conditioning Supply
35 - Electricity, gas, steam and air conditioning supply

22,000 jobs
Number of planned job losses
Job loss
Announcement Date
5 July 2002
Employment effect (start)
Foreseen end date

Description

More than 13.000 jobs in Germany. Insolvency. Negociations with the government and the banks. 15 subsidiary companies are also threatened by insolvency.


Sources

Citation

Eurofound (2002), Babcock Börsig, Bankruptcy in World, factsheet number 59768, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59768.