Pfleiderer AG

Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
16.2 - Manufacture of products of wood, cork, straw and plaiting materials
16.21 - Manufacture of veneer sheets and wood-based panels
350 jobs
Number of planned job losses
Job loss
Announcement Date
15 May 2003
Employment effect (start)
1 May 2003
Foreseen end date
1 December 2003

Description

Pfleiderer is active in two sectors ('furniture' with on average 4000 employees and 'infrastructure' with more than 2000 employees). The weakness of the sector explains this job suppression affecting the 'furniture' sector with 350 jobs in Germany beside other cost cutting measures.

Sources

  • 16 May 2003: Financial Times Deutschland
  • 4 April 2003: Financial Times Deutschland
  • 15 May 2003: Pfleiderer - Press release (www.pfleiderer.de)

Citation

Eurofound (2003), Pfleiderer AG, Internal restructuring in Germany, factsheet number 59361, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/59361.