Infraserv & Co. Höchst

Type
Internal restructuring
Country
Germany
Region
Hessen; Darmstadt; Frankfurt am Main, Kreisfreie Stadt
Location of affected unit(s)
Frankfurt
Sector
Manufacturing
(20 - 21) Manufacture of chemicals and pharmaceuticals
20 - Manufacture of chemicals and chemical products
20 - Manufacture of chemicals and chemical products
178 jobs
Number of planned job losses
Job loss
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://apps.eurofound.europa.eu/restructuring-events/detail/61195.