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 Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.1 - Manufacture of basic iron and steel and of ferro-alloys
3,000 jobs Number of planned job losses
Announcement Date
15 May 2013
Employment effect (start)
15 May 2013
Foreseen end date
15 May 2016
Description
German multinational steel company ThyssenKrupp announced its plan to eliminate 3,000 of its 15,000 administrative positions worldwide over the next three years. According to the company, these job reductions will help to increase its efficiency and transparency.
The majority of the job cuts will be carried out in Germany where the headcount will be reduced by 1,500 staff (see ThyssenKrupp- DE2013). The job reduction measures will focus mainly on ThyssenKrupp’s administrative centre in Essen, Germany. The company plans to work closely with employee representatives, trying to avoid involuntary redundancies.
Information on where the remainder of the job cuts will be carried out has yet to be published.
ThyssenKrupp announced large scale job reductions last February (see ThyssenKrupp-2013a).
Sources
15 May 2013: ThyssenKrupp (Press release)
15 May 2013: WirtschaftsWoche
15 May 2013: DW
15 May 2013: Fox News
Citation
Eurofound (2013), ThyssenKrupp, Internal restructuring in World, factsheet number 75383, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75383.
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