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 24.20 - Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
130 jobs Number of planned job losses
Announcement Date
12 December 2014
Employment effect (start)
12 December 2014
Foreseen end date
Description
German tube manufacturer Karl Höll is to cut 130 out of 190 jobs in Langenfeld.
The company has filed for bankruptcy due to increasing price pressure and competitive disadvantages. The job reduction shall be implemented in a socially acceptable manner. 60 jobs will remain in the production of laminate tubes as well as the administration department.
Karl Höll is a 130 year old company which currently employs around 320 people.
Sources
12 December 2014: Rheinische Post Online
Citation
Eurofound (2014), Karl Höll, Bankruptcy in Germany, factsheet number 78017, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78017.
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