Fritz Egger

Type
Internal restructuring
Country
European Union
Region
Location of affected unit(s)
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
16 - 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
Job loss
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://apps.eurofound.europa.eu/restructuring-events/detail/68594.