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 Food And Beverage Manufacture Of Beverages 11.07 - Manufacture Of Soft Drinks; Production Of Mineral Waters And Other Bottled Waters
206 jobs Number of planned job losses
Announcement Date
22 July 2024
Employment effect (start)
22 July 2024
Foreseen end date
1 August 2024
Description
The German food manufacturer Stute has announced 206 job cuts at its site in Paderborn, North Rhine-Westphalia.
According to the company, the reasons for the job cuts are insufficient orders and the subsequent under-utilisation of the production site. Only a strategic investor with production capacity utilisation would have made it possible to continue operations in an economically responsible manner, according to Stute. Such an investor could not be found.
Business operations are to be discontinued on the 1st of August 2024. In order to mitigate the social consequences for the employees affected, the 206 employees are to be transferred to a transfer company. This measure is intended to support the workforce in their professional reorientation and facilitate the transition to new employment in the primary labour market.
Eurofound (2024), Stute, Closure in Germany, factsheet number 201436, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201436.
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