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 35.11 - Production of electricity
2,400 jobs Number of planned job losses
Announcement Date
14 August 2012
Employment effect (start)
15 August 2012
Foreseen end date
31 December 2014
Description
RWE, a German utilities company, plans to introduce a savings plan and substantially limit expenditures by the end of 2014. As a result, up to 2,400 (administrative) jobs could be lost across Europe.
Part of the restructuring effort consists of building an umbrella company for the German, UK and Dutch power stations. RWE intends to open one large service centre for the whole of Europe. The location of this service centre of up to 1,000 jobs would be outside Germany, most likely in Prague (Czech) or Kosice (Slovakia).
Sources
14 August 2012: The Financial Times
Citation
Eurofound (2012), RWE, Internal restructuring in European Union, factsheet number 74007, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74007.
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