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 For Transport Equipment Manufacture Of Other Transport Equipment 30 - Manufacture of other transport equipment
800 jobs Number of planned job losses
Announcement Date
5 January 2005
Employment effect (start)
Foreseen end date
Description
The German Shipyard Group, newly founded under the consortium ThyssenKrupp has decided to cut every eighth job in its company. From about 6,500 jobs in Germany, approximately 800 would be dismissed. Since 1 January 2005, the firms Thyssen-Shipyard Blohm & Voss and Nordseewerke as well as the Howaldswerke Deutsche-Werft (HDW) have been brought together under the umbrella of ThyssenKrupp. Total profit made by the Shipyard Group is €2.2 billion. The group has 9,300 employees worldwide.
Sources
5 January 2005: Die Welt
Citation
Eurofound (2005), ThyssenKrupp Marine Systems AG, Merger/Acquisition in Germany, factsheet number 61196, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61196.
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