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.
Transportation / Storage Warehousing And Support Activities For Transportation, Postal And Courier Activities Warehousing And Support Activities For Transportation 52 - Warehousing and support activities for transportation
250 jobs Number of planned job losses
Announcement Date
31 March 2010
Employment effect (start)
31 March 2010
Foreseen end date
31 December 2010
Description
On 31 March 2010, the port logistic and real estate company Hamburger Hafen und Logistik announced plans to cut 250 jobs by the end of 2010. The company has introduced a cost saving programme to fight the economic crisis. HHLA also annouced to temporarily shut down one of its three container terminals at the Hamburg port to reduce overcapacities. Furthermore one fourth of the nearly 4,000 companies employees in Hamburg will go on short-time work during 2010 as the port struggles to reverse losses in export volumes.
Sources
1 April 2010: Sueddeutsche Zeitung
Citation
Eurofound (2010), Hamburger Hafen und Logistik (HHLA), Internal restructuring in Germany, factsheet number 70368, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70368.
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