Restructuring events
European Restructuring Monitor (ERM)
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.
Eon Energy, one of the largest energy providers in Germany, has announced the restructuring of its sales and distribution units across Germany cutting 1800 jobs. Six out of seven regional sales centres are to be merged and, furthermore, 40 out of 60 existing local centres are to be closed. Eon has suffered from a considerable decline in the number of its clients by almost 600,000 for the last 18 months. The restructuring programme is expected to result in cost savings as up to 1,800 jobs are intended to be cut. Direct dismissals shall, however, be avoided by using early retirement schemes.
On 10 Februaray 2009, EON announced that even more than 1,800 jobs might be axed as the company will extend its cost saving programme to save E1.5 billion by 2011.
Eurofound (2008), Eon Energy, Internal restructuring in Germany, factsheet number 67010, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67010.