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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.95 - Manufacture of machinery for paper and paperboard production
1,100 - 1,500 jobs Number of planned job losses
Announcement Date
16 December 2013
Employment effect (start)
1 January 2014
Foreseen end date
Description
On 18 December 2013, the German producer of printing presses Koenig & Bauer (KBA) announced plans to cut up to 1,500 jobs as part of a cost-cutting plan.
As reported, the restructuring plan envisages job cuts in Würzburg, Radebeul, Frankenthal (Germany), Moedling (Austria) and Dobruška (Czech Republic).
The company, which has headquarters in Würzburg (Germany) currently employs around 6,100 staff.
Sources
16 December 2013: Koenig & Bauer (Press release)
17 December 2013: Packaging Europe
16 December 2013: Wall Street Journal
Citation
Eurofound (2013), Koenig & Bauer (KBA), Internal restructuring in European Union, factsheet number 76343, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76343.
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