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 Furniture And Other Manufacturing Manufacture Of Furniture 31.0 - Manufacture of furniture
270 - 320 jobs Number of planned job losses
Announcement Date
17 March 2015
Employment effect (start)
17 March 2015
Foreseen end date
31 December 2015
Description
Wellemöbel, a German manufacturer of furniture, will cut between 270 and 320 jobs in Germany. The company filed for bankruptcy in December 2014.
The company has announced the closure of its Detmold site by 2016 with the loss of 137 employees. The planned restructuring will result in the retention of a total of 600 positions in Germany. The company has said that job reduction will be implemented in a socially acceptable manner.
The restructuring process has been subject to criticism by the company's works council. The chairman of the works council claimed that the employees have foregone special payments such as Christmas bonuses for 15 years in order to save their jobs. Trade union IG Metall has indicated that it may lodge complaints of unfair dismissal.
Sources
17 March 2015: Neue Westfälische (online)
17 March 2015: Lippische Landes-Zeitung Online
Citation
Eurofound (2015), Wellemöbel, Bankruptcy in Germany, factsheet number 79168, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/79168.
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