Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Mining / Quarrying
Mining And Quarrying
Mining Of Coal And Lignite
05.2 - Mining of lignite

300 jobs
Number of planned job losses
Job loss
Announcement Date
11 March 2016
Employment effect (start)
11 March 2016
Foreseen end date
31 December 2020

Description

On 11 March 2016, lignite producer Mibrag announced to cut 300 out of 3,000 jobs in Germany by 2020. Whilst the company does not intend to dismiss employees, the job reduction is to be realised by not filling positions that will become vacant. According to Mibrag, the company needs to cut jobs due to the price decline in electricity and a lower demand for lignite. Mibrag’s sites are mainly located in Eastern Germany. The company has not yet provided information on which sites will be affected and to what extent.


Sources

  • 11 March 2016: lr-online.de

Citation

Eurofound (2016), Mibrag, Internal restructuring in Germany, factsheet number 86691, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86691.