ThyssenKrupp

Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Manufacturing
(24 - 25) Manufacture of metals
24.1 - Manufacture of basic iron and steel and of ferro-alloys
24.1 - Manufacture of basic iron and steel and of ferro-alloys
1,500 jobs
Number of planned job losses
Job loss
Announcement Date
15 May 2013
Employment effect (start)
17 May 2013
Foreseen end date

Description

German multinational steel company ThyssenKrupp announced its plan to cut 1,500 jobs in Germany. This is due to severe losses in the last quarters. Most of the job reduction measures will focus mainly on ThyssenKrupp’s administrative center in Essen. Job cuts will be implemented without forced redundancies.

The restructuring in Germany is part of a larger cost-cutting plan (see ThyssenKrupp- WO2013b).  For previously announced restructurings in Germany see ThyssenKrupp-DE2012a, ThyssenKrupp-DE2012b, ThyssenKrupp-DE2006a, ThyssenKrupp-DE2006b, ThyssenKrupp-DE2005a and ThyssenKrupp-DE2005b.

Sources

  • 15 May 2013: DW (online)
  • 15 May 2013: ThyssenKrupp (Press release)
  • 16 May 2013: Frankfurter Allgemeine Zeitung

Citation

Eurofound (2013), ThyssenKrupp, Internal restructuring in Germany, factsheet number 75444, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75444.