EMCC European Monitoring Centre on Change

Babcock Börsig

Company/Organisation:
Babcock Börsig

Geographic Location

Country: World

Company

Sector: Utilities
Electricity, gas, steam and air conditioning supply
35 - Electricity, gas, steam and air conditioning supply
Number Employed: 22000
Group: Babcock Börsig

Employment Effects

Announcement Date: 05-07-2002
Planned Job Reductions min: 22000
Planned Job Reductions max: 22000
Type of Restructuring: Bankruptcy/Closure

Additional Information

More than 13.000 jobs in Germany. Insolvency. Negociations with the government and the banks. 15 subsidiary companies are also threatened by insolvency.