Type
Closure
Country
Germany
Region
Niedersachsen; L√ľneburg; Stade
Location of affected unit(s)
Stade and Hamburg
Sector
Manufacturing
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Basic Metals
24.53 - Casting of light metals

870 - 970 jobs
Number of planned job losses
Job loss
Announcement Date
16 June 2005
Employment effect (start)
31 December 2005
Foreseen end date
31 December 2005

Description

Norsk Hydro, a Norwegian producer of aluminium, wants to close one of its German operations (Stade, Lower Saxony) completely and a second (Hamburg) at least partially. Reason for the closure are rising energy costs in Germany. At current prices, the factories can no longer operate profitably. As yet, there have been no announcements as to how the job losses shall be managed.


Sources

  • 17 June 2005: Frankfurter Allgemeine Zeitung

Citation

Eurofound (2005), Norsk Hydro, Closure in Germany, factsheet number 61767, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61767.