Type
Business expansion
Country
Germany
Region
Saarland;
Location of affected unit(s)
Völklingen
Sector
Manufacturing
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Basic Metals
24.1 - Manufacture of basic iron and steel and of ferro-alloys

400 jobs
Number of planned job creations
Job creation
Announcement Date
27 November 2007
Employment effect (start)
Foreseen end date
31 December 2010

Description

Saarstahl, a producer of steel, has announced that it is to create 350 to 400 new jobs in Völklingen with the development of a new site. The new jobs will be created by 2010, and the development of the new plant will involve an investment of 450 million EUR. The firm have attributed their expansion to the rising demand for steel products.


Sources

  • 28 November 2007: Frankfurter Allgemeine Zeitung

Citation

Eurofound (2007), Saarland AG, Business expansion in Germany, factsheet number 66068, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66068.