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.
Klenk Holz, a German sawmill and timber company, will cut 120 out of 650 jobs at its plant in Oberrot. The main reason for the job reduction is that the company wants to adapt its production capacity to market needs and to secure the company’s competitiveness in the long run. According to the CEO, the company’s cutting volume of wood has decreased by 40 pc over the past few years which now requires a reduction of personnel. The decision was heavily criticised by the works council. K
lenk Holz was founded in 1904. Its headquarters are at Oberrot in Baden-Wurttemberg and is owned by private equity investor Carlyle Group.
Eurofound (2015), Klenk Holz, Internal restructuring in Germany, factsheet number 79392, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/79392.