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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Other Non-Metallic Mineral Products 23.2 - Manufacture of refractory products
1,000 jobs Number of planned job losses
Announcement Date
8 April 2009
Employment effect (start)
8 April 2009
Foreseen end date
31 December 2009
Description
One of the world's leading refractories companies, the Austria-based RHI, is to slash 1,000 of its about 7,800 jobs worldwide, in the course of 2009. According to Thomas Fahnemann, the group's CEO, restructuring is the only possible measure to cope with the current economic slowdown. Dramatic cutbacks in orders from the steel, cement and glass industries have forced the company to save on personnel costs and to spend less on raw materials. The company's restructuring and saving programme aims at saving € 80 million - half of it still in the 2009. The planned dismissals will affect about 250 administrative staff and about 750 production workers. 250 employees will be affected in Austria only.
Sources
23 April 2009: Der Standard
Citation
Eurofound (2009), RHI, Internal restructuring in World, factsheet number 68838, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68838.
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