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.
Transportation / Storage Land, Water And Air Transportation Water Transport 50.1 - Sea and coastal passenger water transport
New offshoring locations
Not Available
486 jobs Number of planned job losses
Announcement Date
3 December 2014
Employment effect (start)
3 December 2014
Foreseen end date
31 December 2017
Description
German container shipping company Niederelbe Schifffahrtsgesellschaft (NSB) has announced it will cut 486 jobs by 2017. According to management, NSB has to flag out its remaining 38 container ships in order to prevent bankruptcy. Long-standing negotiations between NSB and trade union ver.di to improve conveying conditions for merchant ships operating under the German flag have not been successful. According to the news source, it costs euro 365,000 pa more to operate a merchant ship with 8,000 standard containers under the German flag than under a foreign 'flag of convenience'.
In Germany, the shipping sector has been suffering from a crisis for seven years.
Sources
3 December 2014: Weser Kurier
Citation
Eurofound (2014), Niederelbe Schifffahrtsgesellschaft (NSB), Offshoring/Delocalisation in Germany, factsheet number 77988, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77988.
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