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.
Krefeld (North Rhine-Westphalia), Ravensburg (Baden-Württemberg), Neuwied (Rhineland-Palatinate).
Sector
Manufacturing Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.95 - Manufacture of machinery for paper and paperboard production
270 jobs Number of planned job losses
Announcement Date
13 September 2013
Employment effect (start)
13 September 2013
Foreseen end date
30 September 2014
Description
German industrial machinery supplier for the paper industry Voith Paper is to cut 270 jobs until September 2014. These cuts will be made in addition to the job reductions announced in mid-2012 (updated in August 2013).
The job reduction measures are due to the decreasing demand in Europe and China.
In total, Voith plans to cut 270 jobs in Germany, including 210 in Krefeld (North Rhine-Westphalia), 50 in Ravensburg (Baden-Württemberg), 10 in Neuwied (Rhineland-Palatinate).
Forced redundancies have not been ruled out.
The restructuring plan also includes job reduction measures in Austria.
Sources
14 September 2013: Frankfurter Allgemeine Zeitung
13 September 2013: Voith (Press release)
Citation
Eurofound (2013), Voith, Internal restructuring in Germany, factsheet number 75881, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75881.
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