Type
Bankruptcy
Country
Germany
Region
Rheinland-Pfalz; Trier; Trier
Location of affected unit(s)
Trier
Sector
Manufacturing
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Fabricated Metal Products, Except Machinery And Equipment
25.93 - Manufacture of wire products, chain and springs

200 jobs
Number of planned job losses
Job loss
Announcement Date
18 April 2012
Employment effect (start)
23 May 2012
Foreseen end date

Description

German manufacturer of steel products Trierer Stahlwerk, will close its site in Trier and cut 200 jobs.

The company filed for insolvency in November 2011. Plans to find a new investor have not been successful, but will continue as long as employees are trained in a transfer company in the coming three months.


Sources

  • 23 May 2012: SWR (Online)
  • 18 April 2012: Trierischer Volksfreund

Citation

Eurofound (2012), Trierer Stahlwerk, Bankruptcy in Germany, factsheet number 73742, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73742.