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 Wood And Paper Materials Manufacture Of Wood And Of Products Of Wood And Cork, Except Furniture; Manufacture Of Articles Of Straw And Plaiting Materials 16.21 - Manufacture of veneer sheets and wood-based panels
150 jobs Number of planned job losses
Announcement Date
25 September 2006
Employment effect (start)
Foreseen end date
31 December 2006
Description
Repo Vabrikud is the biggest manufacturer of melamine faced chipboard in Baltic and Northern countries and one of the biggest exporters in Estonia. The company produces chipboard and melamine faced chipboard for furniture industry and hardboard for packaging industry using wet method of production. Since August 2005 Repo Vabrikud has been fully owned by its former shareholder Swiss investment company Sorbes AG. The hardboard production makes one fourth of the output and turnover of Repo Vabrikud. Following the increase of oil prices and waste water handling costs in 2004 -2005, the hardboard factory recorded a loss. The closure of hardboard factory scheduled for the end of 2006 will cause 150 job losses.
Sources
25 September 2006: Aripaev
25 September 2006: Postimees
Citation
Eurofound (2006), Repo Vabrikud, Internal restructuring in Estonia, factsheet number 64157, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64157.
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