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 Rubber And Plastic Products 22.22 - Manufacture of plastic packing goods
New offshoring locations
Germany, Spain
250 jobs Number of planned job losses
Announcement Date
1 November 2005
Employment effect (start)
1 August 2006
Foreseen end date
31 December 2006
Description
On 10 april 2006, both employees and the union FNV Bondgenoten agreed with the social plan that accompanies the closure of Klöckner Pentaplast (chemicals). The closure of the factory in Weert had been announced in November 2005 and will result in the loss of 250 jobs. The Weert factory, which is specialised in producing packaging films, as well as polyester applications, has lost a multiple of 10 million euros in 5 years. This is the reason the parent company wants to relocate the production to Germany and Spain.
Sources
11 April 2006: Het Financieele Dagblad
Citation
Eurofound (2005), Klöckner Pentaplast, Offshoring/Delocalisation in Netherlands, factsheet number 63341, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63341.
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