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.
Administrative Services Services To Buildings And Landscape Activities Services To Buildings And Landscape Activities 81.10 - Combined facilities support activities
100 - 600 jobs Number of planned job losses
Announcement Date
13 February 2017
Employment effect (start)
13 February 2017
Foreseen end date
31 December 2021
Description
On 13 February 2017, Techem announced to cut up to 600 jobs in Germany by 2021. Techem is a specialist in energy services for the real estate sector specialised in reading and submitting households' heating costs. The reason for these measures is digitalisation. About 60% of readings can be done wireless, therefore less staff is necessary.
The company explained that most of the affected jobs are to be temporary agency employees and fixed-term contracts. Furthermore, Techem did not rule out compulsory redundancies. It is not clear how many of these 600 job cuts will affect Techem employees.
Techem employs 3,540 employees worldwide, about two thirds of them in Germany. The company is a subsidiary of the Australian financial investor Macquarie.
Sources
13 February 2017: Frankfurter Allgemeine Zeitung (online)
14 February 2017: Frankfurter Neue Presse
14 February 2017: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2017), Techem, Internal restructuring in Germany, factsheet number 90376, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90376.
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