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.
On 9 December 2016, the paper manufacture Felix Scholler announced to cut 118 jobs in Weißenborn.
The company plans a restructuring programme due to declining sales figures for its photo basic papers.
The management negotiated with the works' council that the jobs will be reduced through natural fluctuation. However, about 20 job positions, which are fixed-term contracts about to expire, will not be extended beyond 2016. It is not clear if these jobs are additional or within the 118 job cuts.
Furthermore, the restructuring also includes that all employees in Weißenborn will work one hour less with corresponding lower wage starting in 2017.
Felix Schoeller Group employs 839 employees in Weißenborn and about 2,400 employees worldwide.
Eurofound (2016), Felix Schoeller, Internal restructuring in Germany, factsheet number 89402, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/89402.
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