The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22.22 - Manufacture of plastic packing goods
283 jobs Number of planned job losses
Announcement Date
5 May 2020
Employment effect (start)
5 May 2020
Foreseen end date
Description
As announced on 5. May 2020, the German packaging company STI group will close its plant in Grebenhain, Hessen, and plans to relocate all processes to other plants. This restructuring will affect 283 employees. The management holds the closure for inevitable since the Grebenhain plant has been experiencing operational losses since 2014/15 - negative effects were intensified in the first quarter of 2020 by COVID-19.
STI intends to offer as many jobs at other plants as possible to the affected employees - if possible in the region of Grebenhain. While a timeframe for the closure has yet to be announced, the management and works council will start negotiations on a social plan shortly, to find adequate solutions for each employee.
Eurofound (2020), STI Group, Closure in Germany, factsheet number 100631, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/100631.
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