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 Wood And Paper Materials Manufacture Of Paper And Paper Products 17.29 - Manufacture Of Other Articles Of Paper And Paperboard
200 jobs Number of planned job losses
Announcement Date
31 January 2024
Employment effect (start)
31 January 2024
Foreseen end date
30 September 2024
Description
The label manufacturer All4Labels announced to close its plant in Erfurt. Some 200 employees are affected by this step.
The company is quoted to close the plant by end of the third quarter in 2024. The step became necessary, according to All4Labels, due to strong market competition and a decline in sales. With the closure, All4Labels hopes to remain competitive and thereby save jobs in the long run.
All4Labels produces self-adhesive labels, for example on packaging from the household, personal care, and nutrition sectors. In Germany, the company is working at 15 sites. The company states that it employs more than 6,000 people in total.
Eurofound (2024), All4Labels, Closure in Germany, factsheet number 200817, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200817.
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