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
470 jobs Number of planned job losses
Announcement Date
13 January 2009
Employment effect (start)
13 January 2009
Foreseen end date
30 April 2009
Description
The German glass, porcelain and ceramics manufacturer Rosenthal announced to cut 300 jobs in April 2009. The job cuts are part of a restructuring programme following the company's declaration of insolvency in January 2009. Rosenthal had to file for insolvency in the wake of the collapse of its parent company Waterford Wedgwood. At the time, Rosenthal had already announced the loss of 170 jobs at its Bavarian plants by the end of March 2009. Concerning the new job cuts, the insolvency practitioner at Rosenthal stated that the present restructuring measures were necessary to close the deal with a potential new buyer.
Sources
22 January 2008: Financial Times Deutschland
13 January 2009: Handelsblatt
20 March 2009: Frankfurter Allgemeine Zeitung
20 March 2009: Handelsblatt
Citation
Eurofound (2009), Rosenthal, Internal restructuring in Germany, factsheet number 66234, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66234.
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