Dillinger Hüttenweke, Saarstahl

Type
Internal restructuring
Country
Germany
Region
Saarland; Saarland;
Location of affected unit(s)
Sector
Manufacturing
(24 - 25) Manufacture of metals
24.3 - Manufacture of other products of first processing of steel
24.3 - Manufacture of other products of first processing of steel
2,500 jobs
Number of planned job losses
Job loss
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.

Sources

Citation

Eurofound (2019), Dillinger Hüttenweke, Saarstahl, Internal restructuring in Germany, factsheet number 98759, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98759.