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.
Construction Specialised Construction Activities Specialised Construction Activities 43 - Specialised construction activities
109 jobs Number of planned job losses
Announcement Date
2 March 2009
Employment effect (start)
2 March 2009
Foreseen end date
Description
On 2 March 2009 the Germany-based construction material manufacturer Knauf announced that is to close part of its plant in Ferndorf, Carinthia with the loss of 109 jobs. The business division of mineral wool production (i.e. an insulating material) at the Ferndorf site will also be closed down due to major sales problems. A social plan has already been prepared and the parties involved are negotiating the terms of a planned re-employment scheme.
Sources
2 March 2009: Der Standard
Citation
Eurofound (2009), Knauf Insulation, Closure in Austria, factsheet number 68597, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68597.
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