Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Utilities
Electricity, Gas, Steam And Air Conditioning Supply
Electricity, Gas, Steam And Air Conditioning Supply
35 - Electricity, gas, steam and air conditioning supply

3,500 jobs
Number of planned job losses
Job loss
Announcement Date
14 August 2003
Employment effect (start)
Foreseen end date
1 December 2006

Description

After the acquisitions of Powermerger Ruhrgas and Graninge, the german number one in electricity production intends to improve its profitability. Therefore, some 3,500 jobs will disappear by 2006, two thirds of which in Germany, the remaining in United Kingdom.


Sources

  • 14 August 2003: E.ON Press release
  • 18 August 2003: Les Echos
  • 15 August 2003: Financial Times Deutschland

Citation

Eurofound (2003), E.ON, Internal restructuring in World, factsheet number 59907, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59907.