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 Warehousing And Support Activities For Transportation, Postal And Courier Activities Warehousing And Support Activities For Transportation 52.2 - Support activities for transportation
700 jobs Number of planned job creations
Announcement Date
20 January 2005
Employment effect (start)
Foreseen end date
31 December 2005
Description
Fraport, the airport operator based at Frankfurt/Main, is aiming to decrease its staffing costs. It therefore plans cuts in holiday pay and Christmas bonuses, reductions in the amount of leave allowed to employees, and longer working hours. The company has assured that it is not planning to cut monthly salaries or carry out redundancies. Rather, it is reported that at least 700 new jobs are to be created in Germany this year.
Sources
20 January 2005: Financial Times Deutschland
Citation
Eurofound (2005), Fraport, Internal restructuring in Germany, factsheet number 61178, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61178.
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