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 Coke And Refined Petroleum Products Manufacture Of Coke And Refined Petroleum Products 19.2 - Manufacture of refined petroleum products
70 jobs Number of planned job losses
Announcement Date
29 April 2013
Employment effect (start)
30 April 2013
Foreseen end date
1 May 2016
Description
German chemical company H&R will cut 70 jobs within three years. This is due to a difficult business environment. H&R suffers from increased competition and therefore will extend its cost efficiency programme on staff.
H&R has a total workforce of 640 people, 270 of them in Hamburg and 370 in Salzbergen (Lower Saxony). The company intends to avoid forced redundancies. To date, there is no information on the timeline of the job cuts.
Sources
29 April 2013: Hamburger Abendblatt (online)
Citation
Eurofound (2013), H&R, Internal restructuring in Germany, factsheet number 75415, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75415.
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