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.
The German company Kabel Premium Pulp & Paper, based in Hagen (North Rhine-Westphalia) and active in the paper manufacturing sector, is ceasing operations, with all 420 employees losing their jobs.
The company filed for insolvency in March 2025 due to high losses and rising energy costs. The job cuts are the result of a lack of investor interest despite intensive efforts by the insolvency administrator. A team of 30 to 40 people will ensure the liquidation; machinery and equipment will be sold.
Planned measures include redundancies and compulsory redundancies. Negotiations on termination agreements with severance payments are ongoing, provided funds are available from the insolvency estate.
The trade union, works council and management are negotiating a reconciliation of interests and a social compensation plan; retraining and qualifications are to be offered if funds are available.
Kabel Premium Pulp & Paper was founded in 1897.
Eurofound (2025), Kabel Premium Pulp & Paper, Bankruptcy in Germany, factsheet number 202876, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202876.