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 Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24 - Manufacture of basic metals
100 jobs Number of planned job losses
Announcement Date
11 February 2009
Employment effect (start)
1 March 2009
Foreseen end date
30 June 2009
Description
100 employees of Danish producer of pipes and fittings, Star Pipe, are to be made redundant after the company was taken over by Logstor, which is a leading producer of heating pipes at world level. The production will be moved to Logstor's different plants and only a few core employees will find a job in the new company. The owner of Star Pipe, the Obbekjer Foundation, chose to sell star Pipe after experiencing failing economic results for several years.
Sources
10 February 2009: Jydske Vestkysten
Citation
Eurofound (2009), Star Pipe, Merger/Acquisition in Denmark, factsheet number 68633, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68633.
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