Restructuring events
European Restructuring Monitor (ERM)
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.
Vattenfall, Swedish energy producer, has announced a reduction of staff in Sweden by 400 people.
Globally, about 2,500 employees might leave the company when Vattenfall has to cut costs by SEK 3 billion during 2013 and by another SEK 1,5 billion 2014. Employees currently working in staff and support functions in Berlin, Hamburg and Cottbus will mainly be affected. The total reduction of staff in Germany is expected to be roughly 1,500 by the end of 2014. For the Netherlands, a headcount reduction of approximately 500 is expected and in other countries the number is 50.
The Vattenfall Group has approximately 34,700 employees. The parent company Vattenfall is 100%-owned by the Swedish state.
For an overall view of the restructuring process in Vattenfall in the EU area, please see factsheet 23626.
Eurofound (2013), Vattenfall, Internal restructuring in Sweden, factsheet number 75033, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75033.