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.
Transportation / Storage 49 - Land transport and transport via pipelines 49 - Land transport and transport via pipelines 49 - Land transport and transport via pipelines
480 jobs Number of planned job losses
Announcement Date
14 September 2004
Employment effect (start)
Foreseen end date
31 December 2007
Description
Düsseldorfer Rheinbahn plans to reduce its workforce by 480 units by 2007 in order to reduce its costs by € 20.3 million. There should be no direct dismissals. The work council already expressed its disappointment; during the last years some 1,000 jobs had already been shed to reduce the deficit from € 122 to 73 millions.
Sources
14 September 2004: Die Tageszeitung
Citation
Eurofound (2004), Düsseldorfer Rheinbahn, Internal restructuring in Germany, factsheet number 60598, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60598.