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.
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35.1 - Electric power generation, transmission and distribution
100 jobs Number of planned job losses
Announcement Date
19 April 2016
Employment effect (start)
19 April 2016
Foreseen end date
31 December 2020
Description
German utility Stadtwerke Augsburg plans to cut 100 jobs by the end of 2020. The municipal utility already announced these measures last autumn, however, the figures increased from 60 to 100 affected jobs. Redundancies have become necessary as the municipal utility reorganises the energy sector. The restructuring programme was developed after a merger with Erdgas Schwaben was prevented by a local referendum. Job cuts should be carried out as socially acceptable as possible for exmaple via natural fluctuation. Furthermore, compulsory redundancies are to be avoided.
Trade union Verdi criticises this step since employees are already working overtime. Moreover, Verdi questions the high expenditure spent on external consulting companies. Stadtwerke Augsburg currently employs 900 staff.
Sources
19 April 2016: Augsburger Allgemeine (online)
Citation
Eurofound (2016), Stadtwerke Augsburg, Internal restructuring in Germany, factsheet number 87281, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/87281.
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