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.
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35 - Electricity, gas, steam and air conditioning supply
2,400 jobs Number of planned job losses
Announcement Date
14 August 2012
Employment effect (start)
Foreseen end date
Description
The new restructuring programme of German energy provider RWE ('RWE 2015') will involve the cutting of 2,400 positions, according to a company press release. These cuts will come on top of previously announced redundancies. A timeline for the restructuring has yet to be announced.
Previous media reports had stated that 'RWE 2015' will comprise the selling of subsidiaries (which will reduce the RWE workforce of 72,000 by 5,000), the cutting of 1,000 sales jobs in the UK, of 1,000 positions in eastern Europe and of 1,000 power plant jobs in Germany. There are also reports of over 1,000 low-skilled jobs being relocated to eastern Europe.
Trade Unions fear that up to 5,000 jobs could be lost.
Sources
17 July 2012: Financial Times Deutschland
18 July 2012: Handelsblatt
14 August 2012: RWE
Citation
Eurofound (2012), RWE, Internal restructuring in Germany, factsheet number 73906, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73906.
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