Riedel Glas

Type
Internal restructuring
Country
European Union
Region
Location of affected unit(s)
Kufstein (Austria), Germany
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
500 jobs
Number of planned job losses
Job loss
Announcement Date
25 January 2005
Employment effect (start)
1 January 2005
Foreseen end date
1 January 2006

Description

According to statements of the management of the Tyrolean glass manufacturer Riedel Glas, the concern will dismiss some 100 employees at the headquarters in Kufstein in Austria and about 400 at its German subsidiary, the Nachtmann Crystal group which was acquired in 2004. The job reductions are planned to be terminated by early 2006. Without going into details, the management indicated that this measure would be inevitable in order to carry on the corporation's business. Despite the magnitude of the planned job reductions, all current production plants shall be maintained.

Sources

  • 25 January 2005: Der Standard

Citation

Eurofound (2005), Riedel Glas, Internal restructuring in European Union, factsheet number 61158, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61158.