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 Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.1 - Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus
334 jobs Number of planned job losses
Announcement Date
25 January 2017
Employment effect (start)
25 January 2017
Foreseen end date
Description
On 25 January 2017, Japanese power plant supplier Mitsubishi Hitachi Power Systems Europe announced to cut about one third of its 1,000 jobs in Duisburg.
The company has been struggling since the changes in the German energy sector towards more renewable energy were introduced. The company explained, that some business strategies were successfully compensating the elimination of their main business and the company is now expanding in new promising fields like the power store for renewable energies and plant optimisation.
Mitsubishi Hitachi Power Systems Europe is in negotiation with the German Metalworkers’ Union to implement socially acceptable job cuts. The 334 job cuts will be implemented in Spring 2017, the company did not specify the timeline further.
Sources
25 January 2017: Mitsubishi press release
25 January 2017: WDR (online)
Citation
Eurofound (2017), Mitsubishi Hitachi Power Systems Europe, Internal restructuring in Germany, factsheet number 90303, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90303.
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