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.
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35 - Electricity, gas, steam and air conditioning supply
1,800 jobs Number of planned job losses
Announcement Date
27 August 2008
Employment effect (start)
Foreseen end date
Description
Eon Energy, one of the largest energy providers in Germany, has announced the restructuring of its sales and distribution units across Germany cutting 1800 jobs. Six out of seven regional sales centres are to be merged and, furthermore, 40 out of 60 existing local centres are to be closed. Eon has suffered from a considerable decline in the number of its clients by almost 600,000 for the last 18 months. The restructuring programme is expected to result in cost savings as up to 1,800 jobs are intended to be cut. Direct dismissals shall, however, be avoided by using early retirement schemes.
On 10 Februaray 2009, EON announced that even more than 1,800 jobs might be axed as the company will extend its cost saving programme to save E1.5 billion by 2011.
Sources
11 February 2009: Financial Times Deutschland
27 August 2008: Handelsblatt
18 August 2008: Frankfurter Rundschau
Citation
Eurofound (2008), Eon Energy, Internal restructuring in Germany, factsheet number 67010, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67010.
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