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 Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24 - Manufacture of basic metals
235 jobs Number of planned job losses
Announcement Date
5 December 2008
Employment effect (start)
5 December 2008
Foreseen end date
31 December 2008
Description
On 5 December 2008, the Global Engineering Alliance (GEA) announced to close down its affiliate Ruhr-Zink in Datteln by the end of 2008. Ruhr-Zink produces zinc and employs 235 employees who are affected by the closure. A social plan was set up to regulate the closure. A company spokesperson stated that Ruhr-Zink was suffering losses for several years due to the low zinc prices and rising energy costs. Ruhr-Zink’s affiliate MG Rohstoffhandel headquartered in Frankfurt is not affected by the closure. It will operate independently in future.
Sources
9 December 2008: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2008), Ruhr-Zink, Closure in Germany, factsheet number 67616, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67616.
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