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 wood and paper materials Manufacture of paper and paper products 17 - Manufacture of paper and paper products
420 jobs Number of planned job losses
Announcement Date
22 May 2025
Employment effect (start)
1 June 2025
Foreseen end date
Description
The German company Kabel Premium Pulp & Paper, based in Hagen (North Rhine-Westphalia) and active in the paper manufacturing sector, is ceasing operations, with all 420 employees losing their jobs.
The company filed for insolvency in March 2025 due to high losses and rising energy costs. The job cuts are the result of a lack of investor interest despite intensive efforts by the insolvency administrator. A team of 30 to 40 people will ensure the liquidation; machinery and equipment will be sold.
Planned measures include redundancies and compulsory redundancies. Negotiations on termination agreements with severance payments are ongoing, provided funds are available from the insolvency estate.
The trade union, works council and management are negotiating a reconciliation of interests and a social compensation plan; retraining and qualifications are to be offered if funds are available.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
