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.
German steel group Dillinger Hütte (DH) is to cut 300 jobs in the near future. 150 temporary positions have already been cut this year. These 150 workers have been transferred to the sister company Saarstahl.
The job cuts are part of a major plan aimed at saving EUR 120-130 million in costs over 2014. Twenty per cent of these savings shall be made by cutting on labour costs.
As reported, the 300 job cuts will be implemented via the early retirement of workers born between 1949 and 1953. A collective agreement excludes forced dismissals.
Eurofound (2014), Dillinger Huette, Internal restructuring in Germany, factsheet number 76553, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76553.