Interpane Glas Industrie

Type
Internal restructuring
Country
Germany
Region
Nordrhein-Westfalen; Detmold; Höxter
Location of affected unit(s)
Lauenfoerde
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
23 - Manufacture of other non-metallic mineral products
23 - Manufacture of other non-metallic mineral products
140 jobs
Number of planned job losses
Job loss
Announcement Date
8 December 2004
Employment effect (start)
Foreseen end date

Description

German glass producer Interpane Glas Industrie AG plans to cut 140 of its 1,055 jobs as part of a cost-cutting programme currently underway, Interpane CEO Bernd Kramer said on 8 December 2004. Kramer did not rule out possible layoffs. In view of the ongoing crisis in Germany's construction sector, Interpane forecast a 5 per cent annual drop in demand for glass for 2005. Through the job cuts, which will also affect the main plant in the western German city of Lauenfoerde, Interpane seeks to save some €5 million.

Sources

  • 8 December 2004: Die Welt
  • 8 December 2004: Süddeutsche Zeitung

Citation

Eurofound (2004), Interpane Glas Industrie, Internal restructuring in Germany, factsheet number 60888, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60888.