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 Other Non-Metallic Mineral Products 23 - Manufacture of other non-metallic mineral products
140 jobs Number of planned job losses
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60888.
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