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.
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35.1 - Electric power generation, transmission and distribution
130 jobs Number of planned job losses
Announcement Date
7 August 2006
Employment effect (start)
Foreseen end date
Description
On 7 August 2006 it was published that the German energy distribution and service group MVV Energie (Mannheimer Versorgungs- und Verkehrsgesellschaft Energie AG) decided to reorganise the groups internal services division and to cut up to 130 jobs within the next five years. The Mannheim-based MVV Energie is shareholder of several municipal energy providers whose internal services divisions will be affected.
Sources
7 August 2006: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2006), MVV Energie, Internal restructuring in Germany, factsheet number 63877, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63877.
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