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 Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.44 - Copper production
340 jobs Number of planned job losses
Announcement Date
22 May 2015
Employment effect (start)
22 May 2015
Foreseen end date
Description
With a view to increase their competitiveness and profits, copper producer KME has decided to cut 340 out of 2,200 staff at its plant in Osnabrück. The job reductions will affect all divisions of the company, including administrative divisions and production. According to the company these redundancies cannot be avoided.
In July and November 2014, KME announced job reductions (see KME 7/2014 and KME 11/2014) which results in a total number of redundancies of 350. Due to the company relocating its pipe production to Menden, however, 40 new jobs will be created at this plant.
KME Germany is a copper producer who belongs to Italian KM Europe Metal which employs around 6,800 people in total.
Sources
22 May 2015: Neue Osnabrücker Zeitung Online
Citation
Eurofound (2015), KME, Internal restructuring in Germany, factsheet number 83840, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/83840.
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