Internal restructuring
Location of affected unit(s)
Electricity, Gas, Steam And Air Conditioning Supply
Electricity, Gas, Steam And Air Conditioning Supply
35.1 - Electric power generation, transmission and distribution

800 - 1,000 jobs
Number of planned job losses
Job loss
Announcement Date
12 September 2016
Employment effect (start)
12 September 2016
Foreseen end date
31 December 2022


Electricity producer Steag has announced plans to cut between 800 and 1,000 jobs in Germany by the end of 2022. The municipally owned utility company wants to restructure its business due to changes in the German energy market. Steag mostly produces energy through coal-fired power stations. The restructuring plan includes an expansion of renewable energies and opening up its capacity for the dismantling of nuclear energy stations, which are promising new fields. The management also named the significant price drop for energy on wholesale markets as a reason for the restructuring.

Steag has its headquarter in Essen and owns eight fossil power plants in North Rhine Westphalia and in Saarland. The company is investigating which sites will be closed or restructured. Steag employs 3,500 people in Germany and 5,900 worldwide. Already in 2011, Steag cut 200 jobs due to a restructuring programme (Steag, 2011).


  • 12 September 2016: Steag Press Release
  • 12 September 2016: DerWesten (online)
  • 12 September 2016: RP Online


Eurofound (2016), Steag, Internal restructuring in Germany, factsheet number 88545, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88545.