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.
The British oil company BP has announced 230 job cuts at its refinery site in Gelsenkirchen, North Rhine-Westphalia.
The company is planning to reduce production at the site by a third from 2025 onwards. The reason given for this decision is a drop in demand for conventional fuels.
The job cuts are to be carried out in a socially responsible way and without redundancies, i.e. through staff turnover, retirement and severance pay. There is currently no information on when the job cuts will be completed.
BP operates the two plants in Horst and Scholven in Gelsenkirchen as an integrated refinery and petrochemical site with around 2,000 employees and 160 trainees. The last restructuring event of BP in Germany with around 580 job cuts has taken place at the site between 2016 and 2020 BP-2016-DE.
Eurofound (2024), BP, Internal restructuring in Germany, factsheet number 200935, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200935.