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.
Retail Wholesale Trade, Except Of Motor Vehicles And Motorcycles Other Specialised Wholesale 46.73 - Wholesale Of Wood, Construction Materials And Sanitary Equipment
230 jobs Number of planned job losses
Announcement Date
4 September 2024
Employment effect (start)
4 September 2024
Foreseen end date
Description
As announced on 04 September 2024, the sanitary wholesale company Sanitop-Wingenroth from Warendorf, North Rhine-Westphalia, has announced that it will dismiss its entire workforce of 230 employees.
Part of the workforce is still on site to process the last orders. In May 2024, the company filed for bankruptcy. An investor had been sought, and although there was an interested party, the negotiations were unsuccessful. The company is one of the largest in Warendorf, and both the employees and the mayor of Warendorf reacted with shock to the company's closure.
11 October 2024: Westfälische Nachrichten (online) (www.wn.de)
Citation
Eurofound (2024), Sanitop-Wingenroth, Bankruptcy in Germany, factsheet number 201739, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201739.
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