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.
Professional Services Professional Services And Management Consultancy Activities Of Head Offices; Management Consultancy Activities 70 - Activities of head offices; management consultancy activities
178 jobs Number of planned job losses
Announcement Date
13 January 2005
Employment effect (start)
Foreseen end date
Description
In the frame of the efficiency programme Intra-Fit, the service provider for the chemical industries Infraserv plans to cut its costs by €55 million till 2007. An internal restructuring affects the organisation, resulting in some overcapacity in the workforce. The suppression of 76 jobs is already effective while 102 more cuts will follow during the implementation of the programme.
Sources
13 January 2005: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2005), Infraserv & Co. Höchst, Internal restructuring in Germany, factsheet number 61195, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61195.
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