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 23.41 - Manufacture of ceramic household and ornamental articles
160 jobs Number of planned job losses
Announcement Date
5 May 2005
Employment effect (start)
10 May 2005
Foreseen end date
31 October 2005
Description
At Rosenthal, a maker of china belonging to Irish Waterford Wedgford, 160 jobs will be cut in an effort by the mother company to cut costs. Competition from Asia is said to be responsible for Rosenthal's 2004 losses of €4 million. In Ireland and the United Kingdom, a further 1,635 jobs will be lost during Waterford Wedgford's restructuring. The job losses at Rosenthal are to be managed mainly through fluctuation.
Sources
11 May 2005: freie presse.de
Citation
Eurofound (2005), Rosenthal, Internal restructuring in Germany, factsheet number 61567, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61567.
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