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 Wood And Paper Materials Manufacture Of Paper And Paper Products 17.21 - Manufacture Of Corrugated Paper And Paperboard And Of Containers Of Paper And Paperboard
133 jobs Number of planned job losses
Announcement Date
21 October 2024
Employment effect (start)
Foreseen end date
Description
As announced on 21 October 2024, paper factors Meldorf has filed for insolvency affecting the jobs of 133 employees.
The company was founded seven years ago and sought to produce corrugated raw paper from alternative source, using alternative fibres and wastepaper for its paper production. The company stated that rising energy and material prices as well as shrinking prices and declining sales led to the opening of the insolvency proceedings.
An insolvency administrator has been appointed and is already taking stock of the company's situation. Employees' wages are guaranteed by the "insolvency money" for another 3 months.
Sources
23 October 2024: Hamburger Abendblatt (print version)
Eurofound (2024), Papierfabrik Meldorf, Bankruptcy in Germany, factsheet number 201876, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201876.
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