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.
As confirmed on 21 February 2019, Wintershall DEA will be cutting 800 jobs in Germany due to internal restructuring within the next 18 months. The job reduction is part of the merger of Wintershall and DEA which will be finalised in the first half of 2019, making Wintershall DEA Germany’s leading raw material company. Cuts will mainly affect the company’s headquarters in Hamburg and Kassel. According to the works council every other job in Germany is affected by the job reduction. Wintershall DEA guaranteed to exclude compulsory redundancies and plant closures until July 2020. The Mining, Chemicals and Energy Industrial Union (IG BCE) announced a strong opposition to Wintershall DEA’s plans.
Wintershall DEA will be cutting 1,000 of its 4,200 jobs worldwide.
Eurofound (2019), Wintershall Dea, Merger/Acquisition in Germany, factsheet number 97406, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97406.