Drescher Print Solutions

Type
Bankruptcy
Country
Germany
Region
Baden-Württemberg; Stuttgart; Böblingen
Location of affected unit(s)
Rutesheim
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
17.2 - Manufacture of articles of paper and paperboard
17.25 - Manufacture of other articles of paper and paperboard
280 jobs
Number of planned job losses
Job loss
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://apps.eurofound.europa.eu/restructuring-events/detail/73740.