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.
Retail Wholesale Trade, Except Of Motor Vehicles And Motorcycles Wholesale On A Fee Or Contract Basis 46.12 - Agents involved in the sale of fuels, ores, metals and industrial chemicals
200 jobs Number of planned job losses
Announcement Date
19 March 2010
Employment effect (start)
19 March 2010
Foreseen end date
Description
On 19 March 2010, Kloeckner, an historic metal distributor, announced it will cut 200 jobs having suffered a loss of €200 million in 2009. CEO Roland Flach added that further job cuts are not under consideration though 700 employees are currently working short-time. In 2009, Kloeckner decided to close five sites and reduced the total number of employees by around 330 to 6,000. The new closures are expected to be finalised in summer 2010.
Eurofound (2010), Kloeckner, Internal restructuring in Germany, factsheet number 70342, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70342.
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