Papierfabrik Hermes

Type
Bankruptcy
Country
Germany
Region
Nordrhein-Westfalen; Düsseldorf; Düsseldorf, Kreisfreie Stadt
Location of affected unit(s)
Dusseldorf
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
17.1 - Manufacture of pulp, paper and paperboard
17.12 - Manufacture of paper and paperboard
100 jobs
Number of planned job losses
Job loss
Announcement Date
30 July 2008
Employment effect (start)
30 July 2008
Foreseen end date

Description

Papierfabrik Hermes, a paper manufacturer based in Dusseldorf, Germany, is to close with the loss of 100 jobs. The company went into insolvency due to high energy costs, and had to close when it failed to negotiate lower costs with its energy supplier.

Citation

Eurofound (2008), Papierfabrik Hermes, Bankruptcy in Germany, factsheet number 68128, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68128.