The announcement was made in the midst of the companys restructure following its self-administered insolvency proceedings, owing to a high rise in energy costs and procurement prices for raw materials.
Job losses
According to Heiner Kayser, MD, Feldmuehle, by discontinuing the production of graphic papers its paper machine 2 will be shut down and there will be job cuts from 400 to 180 staff.
The management presented the overall concept on December 7, 2018, as part of an employee meeting with simultaneous commencement of the negotiation of the social plan with the works council, the company said in a statement.
On November 19, 2018, Feldmuehle filed for an application with the competent local court in Pinneberg to open insolvency proceedings …
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