Favini

Type
Internal restructuring
Country
Netherlands
Region
Zuid-Nederland; Limburg (NL); Zuid-Limburg
Location of affected unit(s)
Meerssen
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
17.1 - Manufacture of pulp, paper and paperboard
17.12 - Manufacture of paper and paperboard
140 jobs
Number of planned job losses
Job loss
Announcement Date
12 March 2006
Employment effect (start)
Foreseen end date

Description

Favini, a paper manufacturing company in the south-eastern part of the Netherlands, announced on 12 March 2006 that it intends to reduce the number of employees by 140, from 320 to 180. Favini has been losing money on its activities for several years. One of the three production lines will be closed and the number of shifts will be decreased from four to three.

The unions think that the measures taken are long overdue.

Sources

  • 13 March 2006: Het Financieele Dagblad

Citation

Eurofound (2006), Favini, Internal restructuring in Netherlands, factsheet number 63167, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63167.