Restructuring events
European Restructuring Monitor (ERM)
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.
On 17 July 2017, the provider of five pumped-storage power plants Schluchseewerk announced it will cut 50 out of 356 jobs in Germany.
The energy company is struggling as a result of the difficult market situation in the energy sector in Germany. Schluchseewerk wants to implement job cuts through partial retirement and aims to avoid compulsory redundancies. The job reductions affect all sites of the company, which are located at Häusern, Witznau, Waldshut, Bad Säckingen, Wehr and Kühmoos.
Schluchseewerk is a subsidiary of the energy providers EnBw and RWE.
Eurofound (2017), Schluchseewerk, Internal restructuring in Germany, factsheet number 91633, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91633.