EMCC European Monitoring Centre on Change

ThyssenKrupp Marine Systems AG

ThyssenKrupp Marine Systems AG

Geographic Location

Country: Germany


Sector: Manufacturing
Manufacture of transport equipment
30 - Manufacture of other transport equipment
Group: ThyssenKrupp

Employment Effects

Announcement Date: 05-01-2005
Planned Job Reductions min: 800
Planned Job Reductions max: 800
Type of Restructuring: Merger/Acquisition

Additional Information

The German Shipyard Group, newly founded under the consortium ThyssenKrupp has decided to cut every eighth job in its company. From about 6,500 jobs in Germany, approximately 800 would be dismissed. Since 1 January 2005, the firms Thyssen-Shipyard Blohm & Voss and Nordseewerke as well as the Howaldswerke Deutsche-Werft (HDW) have been brought together under the umbrella of ThyssenKrupp. Total profit made by the Shipyard Group is €2.2 billion. The group has 9,300 employees worldwide.