German Naval Yards (GNY)

Type
Internal restructuring
Country
Germany
Region
Schleswig-Holstein; Schleswig-Holstein; Kiel, Kreisfreie Stadt
Location of affected unit(s)
Kiel
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
30.1 - Building of ships and boats
30.13 - Building of military ships and vessels
134 jobs
Number of planned job losses
Job loss
Announcement Date
15 February 2021
Employment effect (start)
15 February 2021
Foreseen end date
31 December 2021

Description

As announced on 15 February 2021, the German shipbuilding company German Naval Yards (GNY) will be cutting 134 jobs at its plant in Kiel due to internal restructuring until the end of 2021. According to the company the job reduction is inevitable due to the economic hardship caused by the COVID-19 crisis. The works’ council has agreed to a social plan which includes severance payments, early-retirement programmes and the set-up of a transfer company.  

GNY has currently 500 employees at its plant in Kiel.

Sources

Citation

Eurofound (2021), German Naval Yards (GNY), Internal restructuring in Germany, factsheet number 103587, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/103587.