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.
Mining / Quarrying Mining And Quarrying Mining Of Coal And Lignite 05 - Mining of coal and lignite
1,100 jobs Number of planned job losses
Announcement Date
6 March 2006
Employment effect (start)
Foreseen end date
Description
In March 2006, Deilmann-Haniel, the mining division of the fifth biggest construction company HDH announced that it faced severe financial problems and therefore planned to cut approximately 1,500 jobs.
The management and representatives of the Mining, Chemicals and Energy Industrial Union (IG Bergbau, Chemie, Energie, IG BCE) negotiated a social plan regulating the announced job reductions. As a result of the negotiations it was agreed that approximately 240 employees would prolong their employment, though working reduced hours. After one year, they were supposed to retire early at the age of 50 and should receive financial assistance (Anpassungsgeld). Approximately another 270 employees received a job offer for an employment contract with a transfer company (Transfergesellschaft) for one year. In case they did not accept the job offer, they would be given compensation payment linked to their dismissal.
In June 2006, the establishment announced that it would cut 300 jobs. On 16 August 2006, Deilmann-Haniel stated in a press release that a further 500 jobs would be cut.
Finally, on 17 April 2007, the company filed for insolvency due to its severe financial problems. The company stated that instead of the previously announced figures, all remaining 1,100 employees are affected by the insolvency. However, further details on the winding up have not been released by now.
Sources
17 April 2007: Frankfurter Allgemeine Zeitung
17 August 2006: Frankfurter Allgemeine Zeitung
6 March 2006: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2006), Deilmann-Haniel, Bankruptcy in Germany, factsheet number 63115, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63115.
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