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 (32) Other manufacturing 32.2 - Manufacture of musical instruments 32.2 - Manufacture of musical instruments
70 jobs Number of planned job losses
Announcement Date
5 May 2010
Employment effect (start)
5 May 2010
Foreseen end date
5 May 2010
Description
The manufacturer of wooden musical instruments Schreiber & Keilwerth at Bad Nauheim had to file for insolvency. According to the insolvency administrator, 70 out of 300 jobs are being cut. The administrator is in search for a new investor.
Sources
5 May 2010: Frankfurter Rundschau
Citation
Eurofound (2010), Schreiber & Keilwerth, Bankruptcy in Germany, factsheet number 70519, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70519.