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.
Bilfinger, a German civil and industrial engineering specialist, will cut 750 jobs in its power plant division, which is currently up for sale. The trade union IG Metall has called for the company to introduce short-time work as an alternative to redundancies.
Subsidiary of Bilfinger, Babcock Borsig Steinmüller at Oberhausen will cut 400 out of 1,150 jobs across Germany. A total of 190 jobs will be affected in its administration department, mostly in the company's headquarter in Oberhausen. In addition, the company's assembly department will be subject to this reduction.
Moreover, Piping Technologies, another subsidiary of Bilfinger, producing pipes for the power plant production in Oberhausen, will cut 350 out of 800 jobs. A total of 200 job cuts will take place in North Rhine-Westphalia.
The two subsidiaries have already cut jobs over the past few years and in 2014 Bilfinger announced that 800 positions will be eliminated in Germany as part of its previously announced restructuring programme affecting 1,250 jobs worldwide (See 2014).
Eurofound (2015), Bilfinger, Internal restructuring in Germany, factsheet number 84760, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/84760.