TWD

Type
Merger/Acquisition
Country
Germany
Region
Rheinland-Pfalz; Trier; Trier-Saarburg
Location of affected unit(s)
Sector
Manufacturing
(13 - 15) Manufacture of textiles, apparel and leather
13.1 - Preparation and spinning of textile fibres
13.1 - Preparation and spinning of textile fibres
239 jobs
Number of planned job losses
Job loss
Announcement Date
25 May 2005
Employment effect (start)
30 June 2005
Foreseen end date
30 June 2005

Description

The insolvent producer of yarns TWD has been taken over by Daun & Cie. In TWD's factories in Deggendorf (lower Bavaria) and Glauchau (Saxony), 79 employees were layed-off in the process. One of TWD factories (Konz) was not included in the take-over and will be closed, leading to 160 job losses.

Sources

  • 27 May 2005: Frankfurter Allgemeine Zeitung

Citation

Eurofound (2005), TWD, Merger/Acquisition in Germany, factsheet number 61642, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61642.