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 Manufacturing Of Furniture And Other Manufacturing Manufacture Of Furniture 31 - Manufacture of furniture
185 jobs Number of planned job losses
Announcement Date
2 March 2005
Employment effect (start)
1 April 2005
Foreseen end date
1 July 2005
Description
Licentia Danmark, manufacturer of pine furniture, was put into liquidation on 1 March 2005. This means that 80 employees in Thisted, 70 in Fjerritslev and 35 in Børkop will loose their job. Only the Holding company remains in Denmark as well as Licentia Sweden AB. Licentia employed 380 persons in Denmark and Sweden. The employees' representative has declared that they were misinformed by the management as to the degree of the current crisis.
Sources
2 March 2005: De Bergske Blade
Citation
Eurofound (2005), Licentia Danmark, Closure in Denmark, factsheet number 61326, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61326.
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