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 (24 - 25) Manufacture of metals 24.1 - Manufacture of basic iron and steel and of ferro-alloys 24.1 - Manufacture of basic iron and steel and of ferro-alloys
400 jobs Number of planned job creations
Announcement Date
27 November 2007
Employment effect (start)
Foreseen end date
31 December 2010
Description
Saarstahl, a producer of steel, has announced that it is to create 350 to 400 new jobs in Völklingen with the development of a new site. The new jobs will be created by 2010, and the development of the new plant will involve an investment of 450 million EUR. The firm have attributed their expansion to the rising demand for steel products.
Sources
28 November 2007: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2007), Saarland AG, Business expansion in Germany, factsheet number 66068, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66068.