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
300 jobs Number of planned job losses
Announcement Date
8 July 2005
Employment effect (start)
Foreseen end date
31 December 2005
Description
Manufacturer of ceramic products Villeroy & Boch has announced the closure of its tile-production facility in Merzig. 140 jobs will go. €10 million are to be saved through the measure. Turnover in Villeroy & Boch's tile-business went down by almost 18% in the first quarter of 2005. Moreover, 70 jobs will be cut in sanitary ware and another 90 jobs in chinaware.
Sources
29 July 2005: Frankfurter Allgemeine Zeitung
9 July 2005: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2005), Villeroy & Boch, Closure in Germany, factsheet number 61988, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61988.
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