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 16.21 - Manufacture of veneer sheets and wood-based panels
140 jobs Number of planned job losses
Announcement Date
28 June 2010
Employment effect (start)
Foreseen end date
30 June 2011
Description
On June 28th, 2011 the manufacturer of engineered wood products Pfleiderer announced to shut down its production in Nidda by the end of the same month. The closure affects 140 employees. It is part of a restructuring programme announced in autumn 2010, which also affects Pfleiderer's sites in Ebbersdorf and Gschwend.
Whilst this move was already announced in autumn 2010, the company is now negotiating employee' interests with union and employee representatives. The company had stated that the full realization of the restructuring plan will take until the second half of 2011 or even be carried into the first quarter of 2012. Pfleiderer currently employs some 5,600 staff.
Sources
9 November 2010: Handelsblatt
28 May 2011: Press release by Pfleiderer (pfleiderer.com)
Citation
Eurofound (2010), Pfleiderer, Closure in Germany, factsheet number 71172, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71172.
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