Type
Internal restructuring
Country
Germany
Region
Baden-W├╝rttemberg; Karlsruhe; Mannheim
Location of affected unit(s)
Mannheim
Sector
Utilities
Electricity, Gas, Steam And Air Conditioning Supply
Electricity, Gas, Steam And Air Conditioning Supply
35.1 - Electric power generation, transmission and distribution

240 jobs
Number of planned job losses
Job loss
Announcement Date
26 July 2005
Employment effect (start)
1 August 2005
Foreseen end date
31 December 2005

Description

MVV Energie AG, a trader and service provider in the energy sector, has announced that 240 jobs at its headquarters in Mannheim will be cut. However, there shall be no direct dismissals. The losses shall be managed through early retirement and fluctuation.


Sources

  • 27 July 2005: Frankfurter Allgemeine Zeitung

Citation

Eurofound (2005), MVV Energie, Internal restructuring in Germany, factsheet number 61997, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61997.