The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24 - Manufacture of basic metals
550 jobs Number of planned job creations
Announcement Date
28 March 2007
Employment effect (start)
Foreseen end date
31 December 2009
Description
On 28 March 2007, the steel manufacturer Salzgitter AG announced the creation of 550 jobs by the end of 2009. The expansion is part of Salzgitter AG’s new investment programme worth 1.4 billion Euros. The money will be invested in its units in Peine and Salzgitter, in Lower Saxony. The investment is expected to create 550 jobs in the region, both at Salzgitter AG and other subcontractors. Salzgitter AG currently employs 18,352 employees worldwide.
Sources
28 March 2007: Financial Times Deutschland
Citation
Eurofound (2007), Salzgitter AG, Business expansion in Germany, factsheet number 65181, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65181.
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