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.
Niedersachsen; Weser-Ems; Oldenburg (Oldenburg), Kreisfreie Stadt
Location of affected unit(s)
Oldenburg
Sector
Manufacturing (32) Other manufacturing 32 - Other manufacturing 32 - Other manufacturing
220 jobs Number of planned job losses
Announcement Date
22 September 2005
Employment effect (start)
31 December 2005
Foreseen end date
31 December 2005
Description
Producer of sun protection systems for buildings Hüppelux has not found an investor after filing for insolvency at the beginning of august 2005. Production will cease by the end of 2005 at the latest. 220 employees will then loose their jobs.
Sources
23 September 2005: NDR
Citation
Eurofound (2005), Hüppelux, Bankruptcy in Germany, factsheet number 62280, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62280.