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 Wood And Paper Materials Manufacture Of Wood And Of Products Of Wood And Cork, Except Furniture; Manufacture Of Articles Of Straw And Plaiting Materials 16.21 - Manufacture of veneer sheets and wood-based panels
200 jobs Number of planned job losses
Announcement Date
24 August 2009
Employment effect (start)
24 August 2009
Foreseen end date
31 December 2009
Description
On 24 August 2009, Pfleiderer, a provider of engineered wood products, announced it will cut 200 out of 5,800 jobs worldwide by the end of the year. The company's low earnings attributed to the fiancial and economic crisis has increased its debts. Pfleiderer management is currently holding talks with its bank. It also adheres to strict cost management to improve the company's financial situation.
Sources
25 August 2009: Financial Times Deutschland
Citation
Eurofound (2009), Pfleiderer, Internal restructuring in World, factsheet number 69458, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69458.
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