Type
Bankruptcy
Country
Germany
Region
Niedersachsen; Weser-Ems; Emsland
Location of affected unit(s)
Papenburg
Sector
Manufacturing
Manufacture Of Material For Textiles, Apparel, Leather And Related Products
Manufacture Of Textiles
13 - Manufacture of textiles

300 jobs
Number of planned job losses
Job loss
Announcement Date
20 November 2013
Employment effect (start)
Foreseen end date
1 December 2013

Description

German textile company DTF will close down its plant in Papenburg-Aschendorf (Lower Saxony) and thus make about 300 people redundant by December 2013.

The measure is due to insolvency. According to reports, it is unlikely that DTF will find an investor to save the plant.

The site in Aschendorf formerly was owned by ADO.


Sources

  • 20 November 2013: Neue Osnabrücker Zeitung

Citation

Eurofound (2013), DTF, Bankruptcy in Germany, factsheet number 76225, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76225.