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 - Manufacture of other non-metallic mineral products
900 jobs Number of planned job losses
Announcement Date
20 March 2009
Employment effect (start)
1 April 2009
Foreseen end date
31 December 2010
Description
Villeroy&Boch, one of the main ceramics manufacturers in the world, is to cut 900 jobs worldwide.
In particular, the corporate reorganisation plan envisages 400 job-cuts in Germany and the closure of the Italian plant located at Castelraimondo (in the Marche region), with the consequent loss of 41 jobs. According to the company, the reorganisation is mainly due to the recent drop in demand.
Sources
21 March 2009: Il Sole 24 Ore
Citation
Eurofound (2009), Villeroy & Boch, Internal restructuring in World, factsheet number 68602, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68602.
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