EMCC European Monitoring Centre on Change

Ferrostaal

Company/Organisation:
Ferrostaal

Geographic Location

Country: Germany
Region: Essen, Kreisfreie Stadt; Düsseldorf; Nordrhein-Westfalen
Location of affected unit(s): Essen

Company

Sector: Manufacturing
Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
Number Employed: 700
Group: Ferrostaal

Employment Effects

Announcement Date: 07-12-2011
Planned Job Reductions min: 175
Planned Job Reductions max: 175
Type of Restructuring: Internal restructuring
Employment Effect Start: 07-12-2011

Additional Information

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.