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.
Electricity 35 - Electricity, gas, steam and air conditioning supply 35 - Electricity, gas, steam and air conditioning supply 35 - Electricity, gas, steam and air conditioning supply
22,000 jobs Number of planned job losses
Announcement Date
5 July 2002
Employment effect (start)
Foreseen end date
Description
More than 13.000 jobs in Germany. Insolvency. Negociations with the government and the banks. 15 subsidiary companies are also threatened by insolvency.
Citation
Eurofound (2002), Babcock Börsig, Bankruptcy in World, factsheet number 59768, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59768.