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.
Manufacturing Manufacture Of Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20 - Manufacture of chemicals and chemical products
150 jobs Number of planned job losses
Announcement Date
10 November 2004
Employment effect (start)
Foreseen end date
31 December 2006
Description
SGL Carbon AG (SGG) said it will lay off nearly 150 administrative jobs in an effort to save €11 million annually as of 2006. SGL Carbon has launched a worldwide cost-cutting program for administrative functions with focus on IT operations, accounting, and personnel administration. The company intends to generate annual savings of approximately €11 million beginning in 2006 by streamlining processes and eliminating nearly 150 jobs. A total of 50 jobs will already be shed in 2004, with a further reduction of nearly 90 jobs in 2005 and the remainder following in 2006.
Sources
11 November 2004: Dow Jones International News
Citation
Eurofound (2004), SGL Carbon AG, Internal restructuring in Germany, factsheet number 60960, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60960.
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