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 24.52 - Casting of steel
60 jobs Number of planned job losses
Announcement Date
13 January 2015
Employment effect (start)
13 January 2015
Foreseen end date
Description
German stainless steel company Kind & Co is to cut 60 out of 570 jobs in Bielstein. There is no information available about the exact end date of the measure.
Management cited decreasing international steel demand and tough lower-cost competition - especially in the areas of large steel forging and ring-rolling - as the reasons for the job reductions. Kind & Co will withdraw from ring rolling but also indicates its intention to make large investments in 2015.
Sources
13 January 2015: Oberberg-aktuell.de
Citation
Eurofound (2015), Kind & Co , Internal restructuring in Germany, factsheet number 78181, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78181.
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