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.
Klausner Holz, an Austrian timber company, will cut 99 jobs in Friesau and 99 jobs in Saalburg-Ebersdorf by the end of July and beginning of August 2015. The job reduction amounts to almost a quarter of the whole workforce.
Employees in Friesau, who find a job before their contract is terminated, will receive 40% of their outstanding wages as a cushion payment. A minimum number of 264 jobs will be maintained at the site. In case the employment falls below this point, former employees enjoy priority in the recruiting process.
The site in Saalburg-Ebersdorf will decrease production as a result of the restructuring. The 99 employees affected by the restructuring will receive severance pay according to social criteria.
Since Spring there were fears that up to 175 jobs in the Thuringian location may be cut. Meanwhile 45 employees already left the site of which some were relocated to a different workplace within the group e.g. in the USA.
Klausner Holz was founded in 1991 at Saalburg-Ebersdorf, the plant in Saxony started its operation in 2004. The company management and sales centre belongs to Klausner Trading international, which is headquartered at Oberndorf, Austria. Recently the company has been suffering from liquidity shortages due to the price development at the lumber market.
Eurofound (2015), Klausner Holz, Internal restructuring in Germany, factsheet number 84756, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/84756.
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