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 For Transport Equipment Manufacture Of Other Transport Equipment 30 - Manufacture of other transport equipment
220 jobs Number of planned job losses
Announcement Date
8 December 2006
Employment effect (start)
Foreseen end date
31 December 2006
Description
On 08 December 2006, Biria, a manufacturer of bicycles, announced to close its production site in Neukirch. Some 220 employees are affected by the closure which shall be completed by the end of 2006. The CEO of the Biria group declared that the US-American owner of the production site Lone Star decided to close the site due to the delicate business situation. The management announced to consider the setting up of a social plan that will specify the conditions for the closing down of the site and the job losses.
Sources
8 December 2006: Sueddeutsche Zeitung
Citation
Eurofound (2006), Biria, Closure in Germany, factsheet number 64618, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64618.
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