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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.99 - Manufacture of other special-purpose machinery n.e.c.
150 jobs Number of planned job losses
Announcement Date
17 March 2016
Employment effect (start)
17 March 2016
Foreseen end date
30 April 2016
Description
German SGL, manufacturer of graphite electrodes, announced to close its site in Griesheim. A total of 150 employees will be affected by this step. Workers will be offered severance pay as well as the option of being placed in a transfer agency from 1 May 2016 onwards. Job placement and qualification services will be available at the agency which forms part of the result of negotiations between management and works council. Whilst production in Griesheim will be shut down at the end of April 2016, the site will be fully closed at the end of 2016. According to SGL the closure is necessary due to its difficult market situation.
Sources
17 March 2016: SGL (press release)
Citation
Eurofound (2016), SGL, Closure in Germany, factsheet number 86853, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86853.
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