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.
Construction Construction Of Buildings And Infrastructure Engineering Construction Of Buildings 41.2 - Construction of residential and non-residential buildings
300 jobs Number of planned job losses
Announcement Date
7 November 2013
Employment effect (start)
1 January 2014
Foreseen end date
31 December 2014
Description
Technical service provider Imtech is to cut 300 jobs in Germany in 2014.
In addition to the job reductions, Imtech reports to reduce other costs in Germany by EUR 40 million in the period from 2013 to 2015.
Imtech employs 5,800 staff in Germany, Poland, Austria, Hungary, Romania, Russia, and Switzerland. The company is a subsidiary of Netherlands-based Imtech Royal with 29,000 staff worldwide.
Sources
7 November 2013: Imtech (press release)
Citation
Eurofound (2013), Imtech, Internal restructuring in Germany, factsheet number 76159, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76159.
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