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 Paper And Paper Products 17.29 - Manufacture of other articles of paper and paperboard
280 jobs Number of planned job losses
Announcement Date
30 May 2012
Employment effect (start)
1 September 2012
Foreseen end date
Description
As announced on May 30, 2012, a German print solutions provider Drescher Print Solutions will close its site in Rutesheim, Baden-Württemberg, and 280 jobs will be lost. On June 1, 2012, the company filed for insolvency. The decision is due to the decreasing demand for its services.
Drescher's other sites in Offenburg (Baden-Württemberg), Poland and Czech Republic will be strengthened in the framework of the general policy of the Drescher's mother-company Epper-Drescher group. Its aim is to reduce competitive disadvantages by relocating production to the Central/Eastern Europe - just as did other companies operating in the business.
Sources
14 June 2012: Frankfurter Allgemeine Zeitung
30 May 2012: Drescher (PR)
Citation
Eurofound (2012), Drescher Print Solutions, Bankruptcy in Germany, factsheet number 73740, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73740.
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