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.
180 - 190 jobs Number of planned job losses
Announcement Date
21 March 2017
Employment effect (start)
21 March 2017
Foreseen end date
31 December 2018
Description
On 21 March 2017, graphite specialist SGL Carbon announced to cut nearly 200 jobs by the end of 2018. Already in September 2016 the group had started the current restructuring programme. Job cuts are to help realise savings of around €25 million. In addition, SGL plans to restructure its business to improve its profitability. Research and development, production and sales will concentrate on carbon fibre and special graphite products. Already in 2016, the company had realised job cuts in Germany (see SGL 2016).
SGL employs over 5,300 staff worldwide.
Sources
21 March 2017: SGL (press release)
21 March 2017: produktion.de
Citation
Eurofound (2017), SGL Carbon, Internal restructuring in Germany, factsheet number 90572, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90572.
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