Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Transportation / Storage
Land, Water And Air Transportation
Land Transport And Transport Via Pipelines
49 - Land transport and transport via pipelines

480 jobs
Number of planned job losses
Job loss
Announcement Date
14 September 2004
Employment effect (start)
Foreseen end date
31 December 2007

Description

Düsseldorfer Rheinbahn plans to reduce its workforce by 480 units by 2007 in order to reduce its costs by € 20.3 million. There should be no direct dismissals. The work council already expressed its disappointment; during the last years some 1,000 jobs had already been shed to reduce the deficit from € 122 to 73 millions.


Sources

  • 14 September 2004: Die Tageszeitung

Citation

Eurofound (2004), Düsseldorfer Rheinbahn, Internal restructuring in Germany, factsheet number 60598, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60598.