Favini

Type
Bankruptcy
Country
Netherlands
Region
Oost-Nederland; Gelderland; Arnhem/Nijmegen
Location of affected unit(s)
Apeldoorn, Meersen
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
100 jobs
Number of planned job losses
Job loss
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.