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.
Nordrhein-Westfalen; Köln; Rheinisch-Bergischer Kreis
Location of affected unit(s)
Bergisch Gladbach
Sector
Manufacturing Manufacture Of Wood And Paper Materials Manufacture Of Paper And Paper Products 17 - Manufacture of paper and paper products
380 jobs Number of planned job losses
Announcement Date
30 April 2021
Employment effect (start)
30 April 2021
Foreseen end date
Description
As announced on 30 April 2021 the German paper manufacturer Zanders will be closing its plant in Bergisch Gladbach which will result in the loss of 380 jobs. Zanders announced insolvency in March 2021. Since no investor was found, operations ceased on 30 April 2021. Mayor of Bergisch Gladbach announced that he will be consulting with works’ council, management and insolvency experts in order to find adequate solutions for all employees - among others the possible set up of a transfer agency.
30 April 2021: Bürgerportal Gladbach (online) (in-gl.de)
Citation
Eurofound (2021), Zanders, Bankruptcy in Germany, factsheet number 104800, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/104800.
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