Restructuring events
European Restructuring Monitor (ERM)
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.
On 6 August 2014, German manufacturer of special viscous fibres Kelheim Fibres announced its plan to cut 100 jobs in the fourth quarter of the year. Both permanent and temporary employed workers will be affected. The company currently employs 620 people in total.
The management named declining demand and the loss of a big client as main reasons for the restructuring measure. The works council criticises that there are already very few employees in the company. Company representatives assured to reduce jobs in a socially acceptable manner. Details will be negotiated between management and works council during the following weeks.
Eurofound (2014), Kelheim Fibres, Internal restructuring in Germany, factsheet number 77441, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77441.