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 Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.3 - Manufacture of other products of first processing of steel
2,500 jobs Number of planned job losses
Announcement Date
27 September 2019
Employment effect (start)
Foreseen end date
31 December 2022
Description
German steel manufacturers Dillinger Hüttenwerke and Saarstahl, part of the Dillinger Group, announced 1,500 job cuts (including positions of temporary agency workers) in Saarland as well as the offshoring of another 1,000 positions. The companies intend to be 'socially responsible' and implement the reductions by the end of 2022. The restructuring is motivated by growing economic difficulties in the steel sector and new environmental policies, which require investment of resources in CO2 allowances and in new technologies.
Dillinger Hüttenwerke and Saarstahl have around 14,000 employees worldwide.
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