Type
Bankruptcy
Country
Germany
Region
Nordrhein-Westfalen; Detmold;
Location of affected unit(s)
Delbrueck
Sector
Manufacturing
Manufacturing Of Furniture And Other Manufacturing
Manufacture Of Furniture
31.09 - Manufacture of other furniture

105 jobs
Number of planned job losses
Job loss
Announcement Date
2 December 2013
Employment effect (start)
1 January 2014
Foreseen end date

Description

German furniture manufacturer Gepade is to cut 105 of its 250 staff due to insolvency.

The company had to file for insolvency at 1 December after several years of low demand and overcapacities.

Gepade is based in Delbrueck.


Sources

  • 3 December 2013: Neue Westfaelische

Citation

Eurofound (2013), Gepade, Bankruptcy in Germany, factsheet number 76400, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76400.