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 Wood And Of Products Of Wood And Cork, Except Furniture; Manufacture Of Articles Of Straw And Plaiting Materials 16 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
180 jobs Number of planned job losses
Announcement Date
20 February 2009
Employment effect (start)
20 February 2009
Foreseen end date
Description
The Austrian-based manufacturer of wood-based materials, Fritz Egger, is to lay off 180 of its currently 5,700 employees throughout Europe. The traditional family enterprise Egger, which is headquartered in St. Johann in Tyrol, is one of Europe's leading producers of wood-based materials, such as wood-based panels and flooring products. The dismissals were announced on 20 February 2009 and justified by dramatically falling demand as a result of the current downturn in the real estate market and the construction industry. The business segments affected comprise both administration and production. Egger runs 16 plants in six European countries.
Sources
20 February 2009: ORF Tirol online
20 February 2009: Der Standard ()
Citation
Eurofound (2009), Fritz Egger, Internal restructuring in European Union, factsheet number 68594, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68594.
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