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 Coke And Refined Petroleum Products Manufacture Of Coke And Refined Petroleum Products 19 - Manufacture of coke and refined petroleum products
73 jobs Number of planned job losses
Announcement Date
21 May 2011
Employment effect (start)
Foreseen end date
31 December 2011
Description
Dynamit Nobel GmbH at Leverkusen, a supplier to the chemical and agro industries (Bayer in particular) announced the loss of 73 jobs. The Leverkusen-based company employs at the moment a total of 380. A social plan was settled. According to management and works council. The reasons for downsizing have been strong competition especially from Asia. The company has in addition failed to develop new innovative products in time.
Sources
25 May 2011: Rheinische Post
21 May 2011: Rheinische Post
Citation
Eurofound (2011), Dynamit Nobel, Internal restructuring in Germany, factsheet number 71986, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71986.
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