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.
Retail Wholesale Trade, Except Of Motor Vehicles And Motorcycles Other Specialised Wholesale 46.74 - Wholesale of hardware, plumbing and heating equipment and supplies
225 jobs Number of planned job losses
Announcement Date
29 October 2008
Employment effect (start)
30 November 2008
Foreseen end date
31 May 2008
Description
Heating and sanitary equipment supplier Sanistål has announced the dismissal of 225 employees due to the financial crisis and a recession in the construction sector. 175 of the cuts will be direct dismissals and the rest will be by retirement, early retirement and other means. The job cuts will be carried out throughout the whole company, which currently employs 1860, over the next six months. Employees who have been dismissed will have the opportunity to follow training and have a meeting with recruitment consultants to prepare them for job interviews. The company announced that these restructuring measures would cost DKK15 million.
Sources
30 October 2008: Nordjyske Stiftstidende
Citation
Eurofound (2008), Sanistål, Internal restructuring in Denmark, factsheet number 67319, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67319.
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