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.
Nordrhein-Westfalen; Köln; Rheinisch-Bergischer Kreis
Location of affected unit(s)
Bergisch Gladbach
Sector
Manufacturing Manufacture Of Wood And Paper Materials Manufacture Of Paper And Paper Products 17.1 - Manufacture of pulp, paper and paperboard
350 jobs Number of planned job losses
Announcement Date
8 November 2011
Employment effect (start)
8 November 2011
Foreseen end date
Description
Paper manufacturer Zanders will cut 350 out of 700 jobs in Bergisch Gladbach, as reported on November 8th, 2011 in Handelsblatt. This is due to overcapacity in the European paper market and former huge losses.
In a former press release (October 18, 2011) Finnish mother company M-real announced plans to discontinue specialty paper and uncoated paper businesses in Gohrsmühle, while profitable Chromolux paper remains in production. Furthermore, there are negotiations to launch a customer service center in Gohrsmühle.
The restructuring of Zanders is part of M-Real group's European restructuring and divestment plan. In October and November 2011 the Finish paper and pulp manufacturer M-Real announced the closure of its plant in Alizay (330 employees) France and redundancies of up to 180 workers at its paper mill in Äänekoski, Finnland.
Sources
18 October 2011: M-Real
8 November 2011: Handelsblatt
2 November 2011: M-Real
Citation
Eurofound (2011), Zanders, Internal restructuring in Germany, factsheet number 72725, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72725.
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