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 Wood And Paper Materials Manufacture Of Paper And Paper Products 17.12 - Manufacture of paper and paperboard
140 jobs Number of planned job losses
Announcement Date
12 March 2006
Employment effect (start)
Foreseen end date
Description
Favini, a paper manufacturing company in the south-eastern part of the Netherlands, announced on 12 March 2006 that it intends to reduce the number of employees by 140, from 320 to 180. Favini has been losing money on its activities for several years. One of the three production lines will be closed and the number of shifts will be decreased from four to three.
The unions think that the measures taken are long overdue.
Sources
13 March 2006: Het Financieele Dagblad
Citation
Eurofound (2006), Favini, Internal restructuring in Netherlands, factsheet number 63167, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63167.
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