EMCC European Monitoring Centre on Change

Dong Energy

Company/Organisation:
Dong Energy

Geographic Location

Country: Denmark
Region: Vejle amt
Location of affected unit(s): Fredericia

Company

Sector: Utilities
Electricity, gas, steam and air conditioning supply
35 - Electricity, gas, steam and air conditioning supply
Number Employed: 5000

Employment Effects

Announcement Date: 28-11-2012
Planned Job Reductions min: 324
Planned Job Reductions max: 600
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-12-2012
Direct Dismissals: 324

Additional Information

Danish state energy company Dong Energy announced to cut between 500 and 600 jobs due to a deficit of DKK 2.4 billion (€320 million) during the first nine months of the year. The problems are reported to be partly due to a difficult situation in the European gas market, characterized by oversupply and low profits.

Dong Energy has more than 5,000 employees in Denmark and is headquartered in Skærbæk at Fredericia.

Update 28.11.2012: The employees were informed that the number of redundancies will be limited to 324. This is the outcome of negotiations between the management and employee representatives.