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. 28.23 - Manufacture of office machinery and equipment (except computers and peripheral equipment)
80 jobs Number of planned job losses
Announcement Date
12 December 2014
Employment effect (start)
1 January 2015
Foreseen end date
31 December 2015
Description
Pago, a Swiss labelling system company, is to cut 80 out of 450 jobs at ist German subsidy in Aisch bz the end of 2015.
According to the company's management, the subsidy has run losses since 2009 and needs a restructuring in order to become profitable again. The reduction will affect the production of labels but not the production of label systems.
Pago further intends to cut 7 jobs at its headquarters in Grabs, Switzerland. Pago holds subsidies in seven countries and became part of Japanese Fuji Seal-group in 2012.
Sources
12 December 2014: Pack Aktuell
Citation
Eurofound (2014), Pago, Internal restructuring in Germany, factsheet number 78018, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78018.
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