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 Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.42 - Aluminium production
300 jobs Number of planned job losses
Announcement Date
30 December 2013
Employment effect (start)
30 December 2013
Foreseen end date
31 December 2013
Description
On 30 December 2013, aluminium producer Aldel filed for bankruptcy. All 300 employees will lose their jobs. Background is the decision of energy provider, Eon, to stop delivery of electricity, after Aldel appeared not to be able to pay the bills. Aldel has been trying to lower the energy costs, which are some 25% higher than in neighbouring Germany.
Some cost reduction measures had been taken by the Ministry of Economic Affairs earlier in 2013, but appeared not to suffice. Shareholder Klesch, a UK investment company, was not prepared to invest extra money as had been the case also in 2011 when aluminium producer Zalco was declared bankrupt.
Sources
30 December 2013: NRC Handelsblad
30 December 2013: nu (online)
Citation
Eurofound (2013), Aldel, Bankruptcy in Netherlands, factsheet number 76383, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76383.
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