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 (16 - 17) Manufacture of wood and paper materials 17.1 - Manufacture of pulp, paper and paperboard 17.12 - Manufacture of paper and paperboard
100 jobs Number of planned job losses
Announcement Date
25 January 2008
Employment effect (start)
Foreseen end date
Description
The Favini group, a paper manufacturing company, announced on 25 January 2008 the bankruptcy of Favini Apeldoorn, with the loss of 100 jobs. The reason of this restructuring is attributed to oversupply of paper and high energy costs. The loss of 225 jobs at the plant in Meersen is not confirmed yet.
Sources
26 January 2008: NRC Handelsblad
Citation
Eurofound (2008), Favini, Bankruptcy in Netherlands, factsheet number 66242, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66242.
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