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
3,500 jobs Number of planned job losses
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://apps.eurofound.europa.eu/restructuring-events/detail/59907.