Type
Bankruptcy
Country
Germany
Region
Nordrhein-Westfalen; Düsseldorf; Düsseldorf
Location of affected unit(s)
Dusseldorf
Sector
Manufacturing
Manufacture Of Wood And Paper Materials
Manufacture Of Paper And Paper Products
17.12 - Manufacture of paper and paperboard

100 jobs
Number of planned job losses
Job loss
Announcement Date
30 July 2008
Employment effect (start)
30 July 2008
Foreseen end date

Description

Papierfabrik Hermes, a paper manufacturer based in Dusseldorf, Germany, is to close with the loss of 100 jobs. The company went into insolvency due to high energy costs, and had to close when it failed to negotiate lower costs with its energy supplier.


Sources

Citation

Eurofound (2008), Papierfabrik Hermes, Bankruptcy in Germany, factsheet number 68128, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68128.