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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
200 jobs Number of planned job losses
Announcement Date
15 December 2011
Employment effect (start)
15 December 2011
Foreseen end date
31 March 2012
Description
As announced on December 15, 2011, plant constructor Hitachi Power Europe will cut 200 out of 1,100 jobs in its Duisburg headquarter.
This is due to a changed energy mix in Germany and, resulting from this, a lower demand. Hitachi justified the decision by poor order situations concerning coal-fired power stations - the last plant was ordered in 2008. Furthermore, Hitachi plans engagements in renewable energy technologies.
Sources
14 December 2011: Ruhr Nachrichten
16 December 2011: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2011), Hitachi Power Europe, Internal restructuring in Germany, factsheet number 72878, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72878.
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