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 Other Manufacturing 32.4 - Manufacture of games and toys
200 jobs Number of planned job losses
Announcement Date
6 December 2018
Employment effect (start)
1 January 2019
Foreseen end date
Description
Kettler, a longstanding German manufacturer of toy cars and other sports and toy products, had to file insolvency in autumn 2018; however, in December 2018 it was taken over by the owner-run German investor Lafayette Mittelstand Capital. Lafayette announced plans to continue production and to keep 500 out of 700 workers; 200 workers will be dismissed and transferred to a training company. The new goal of the company is to modernize product development and production processes and to further internationalize the business.
Sources
Citation
Eurofound (2018), Kettler, Merger/Acquisition in Germany, factsheet number 96319, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/96319.
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