Restructuring events
European Restructuring Monitor (ERM)
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.
Pfleiderer is a producer of engineered wood, surface finished products and laminate flooring. On 23 March 2007 the company announced its new business strategy called Business Centre Western Europe (BC West), which regards future investments of 31 million Euros between 2007 and 2009. To ensure future competitiveness, these investments are linked to a cost-saving strategy, i.e. structural and personnel costs are to be reduced. As a result of this, 130 employees will lose their jobs at its German site in Arnsberg, as it was announced on 23 March 2007. The job cuts will take place before the end of 2008. The production site in Arnsberg manufactures laminated floors. Negotiations between management and employee representatives are set for the beginning of April 2007. The company currently employs around 5,100 employees worldwide.
Eurofound (2007), Pfleiderer AG, Internal restructuring in Germany, factsheet number 65155, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65155.