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 Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20.3 - Manufacture of paints, varnishes and similar coatings, printing ink and mastics
140 jobs Number of planned job losses
Announcement Date
22 June 2022
Employment effect (start)
1 January 2023
Foreseen end date
31 August 2024
Description
Akzo Nobel, a Dutch multi-national firm that produces paint and coatings, has announced that it will close its Schramm Coatings site in Offenbach, Germany, resulting in the loss of about 140 jobs.
Akzo Nobel justifies the closure of Schramm Coatings, which specialises in the production of coatings for the automotive industry, with steady losses over the past years and the difficult situation in the automotive industry. Akzo Nobel announced that it will cease production and all other activities at the site by August 2024. The restructuring will start in January 2023.
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Schramm Coatings has been part of Akzo Nobel since 2011. Akzo Nobel Germany employs 1200 people at four production sites and four office locations, including Offenbach.
Eurofound (2022), Schramm Coatings, Closure in Germany, factsheet number 107027, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/107027.
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