Restructuring events
European Restructuring Monitor (ERM)
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.
As announced on March 6, 2013, Swedish energy provider Vattenfall will cut 1,500 jobs in Germany. This is due weakened market conditions, decreasing demand for energy and production overcapacities. Additionally, it is reported that the company suffers from the German nuclear phase-out.
Employees are affected at the sites in Berlin, Hamburg and Cottbus. In total, Vattenfall will cut about 2,500 jobs, 400 of them in Sweden and 500 in the Netherlands. Job cuts shall be realized by the end of 2014.
For an overall view of the restructuring process in Vattenfall in the EU area, please see factsheet 23626.
Eurofound (2013), Vattenfall, Internal restructuring in Germany, factsheet number 75048, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75048.