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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Other Non-Metallic Mineral Products 23 - Manufacture of other non-metallic mineral products
500 jobs Number of planned job losses
Announcement Date
25 January 2005
Employment effect (start)
1 January 2005
Foreseen end date
1 January 2006
Description
According to statements of the management of the Tyrolean glass manufacturer Riedel Glas, the concern will dismiss some 100 employees at the headquarters in Kufstein in Austria and about 400 at its German subsidiary, the Nachtmann Crystal group which was acquired in 2004. The job reductions are planned to be terminated by early 2006. Without going into details, the management indicated that this measure would be inevitable in order to carry on the corporations business. Despite the magnitude of the planned job reductions, all current production plants shall be maintained.
Sources
25 January 2005: Der Standard
Citation
Eurofound (2005), Riedel Glas, Internal restructuring in European Union, factsheet number 61158, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61158.
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