Essen, Kreisfreie Stadt; Düsseldorf; Nordrhein-Westfalen
Location of affected unit(s):
Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
Planned Job Reductions min:
Planned Job Reductions max:
Type of Restructuring:
Employment Effect Start:
As announced on December 7, 2011, German plant engineering and construction company Ferrostaal will cut up to 175 out of 700 jobs in its headquarters in Essen (North Rhine-Westphalia) as a part of a cost cutting program. Further job cuts might follow in its location Geisenheim (Hesse), which currently employs 160 people.
The management announced negotiations with labour representatives. According to a company press release, compulsory redundancies are no longer excluded.
Ferrostaal suffers from lowering orders and a corruption scandal as well as a dispute by former owners MAN and IPIC. The company operates in more than 40 countries employing 5,300 people.
At this point in time the concrete timeline for the restructuring is unknown.
07-12-2011Handelsblatt (online version)
07-12-2011Ferrostaal (Press release)