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 Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.44 - Copper production
210 jobs Number of planned job losses
Announcement Date
20 November 2014
Employment effect (start)
20 November 2014
Foreseen end date
30 June 2015
Description
On 20 November 2014, copper producer KME Germany announced to cut 210 out of around 2,000 jobs in Osnabrück.
In July 2014, KME announced the reduction of 140 jobs (see KME Germany 7/2014) which results in a total number of redundancies of 350. The company will cease the manufacture of rubbers which will make 180 jobs redundant. Further 170 jobs will be cut in order to increase the company’s competitiveness. Since the financial crisis in 2008 the market for copper has decreased a lot which lead to a weak profit situation.
During the following months, management, works council and trade union IG Metall are to negotiate a social plan. The reduction shall be implemented by mid-2015.
KME Germany is a copper producer who belongs to Italian KM Europe Metal which employs around 6,800 people in total.
Sources
20 November 2014: Neue Osnabrücker Zeitung
Citation
Eurofound (2014), KME Germany, Internal restructuring in Germany, factsheet number 77957, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77957.
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