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
270 jobs Number of planned job losses
Announcement Date
25 April 2014
Employment effect (start)
25 April 2014
Foreseen end date
31 December 2017
Description
As announced on 25 April 2014, the German energy supplier enviaM is to cut 270 jobs until the end of 2017. Job losses are due to a decrease of the annual net profit between 2012 and 2013. EnviaM employs 4,128 in total.
The envia Mitteldeutsche Energie is a regional supplier of electricity and gas in eastern Germany. The RWE AG holds the majority of its shares.
Sources
25 April 2014: radiozwickau.de
25 April 2014: freiepresse.de
Citation
Eurofound (2014), Enviam, Internal restructuring in Germany, factsheet number 77018, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77018.
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