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.
Bilfinger Pipeline Technologies (BPT), a German manufacturer of high-pressure pipelines for power plants, is to cut around 270 jobs. The company has set up a social plan according to which employees will be offered to change to a transfer agency for the period of one year.
According to the company, the main reason for the job reduction is the current focus on renewable energy in German politics which results in the fact that the construction of new power plants is no longer subsidised.
BPT employs around 1,300 people in several plants and belongs to Bilfinger Power Systems which forms one of the five segments of German construction company Bilfinger.
BBT is not the only Bilfinger company reducing staff, see also Babcock Borsing Steinmüller 11/2014.
Eurofound (2014), Bilfinger Pipeline Technologies, Internal restructuring in Germany, factsheet number 77868, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77868.