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manroland: More than 2000 jobs lost

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manroland: More than 2000 jobs lost

Article ID:

14500

On Monday (23 January) manroland employees were informed about the details of the decision announced the week before by the creditors' committee to break up the company and eliminate jobs at the three locations.

In Augsburg, a total of 741 employees were let go, the number in Offenbach was 970 and in Plauen 354. Those who lost their jobs were offered the option to sign up to interim employment companies that, according to a spokesperson for insolvency administrator Werner Schneider, are being set up for a period of six months with the intention of ensuring a smooth transition to new employment. If no new job has been found within this period, the prospect of unemployment looms.

Not only is manroland struggling
In flood of reports about the manroland insolvency and its consequences, the announcement that Heidelberger Druckmaschinen AG is planning to eliminate some 2000 jobs worldwide was nearly overlooked. The "FOCUS 2012" efficiency programme contains a package of measures aimed at cutting some 2000 jobs worldwide (see Press Release of Heidelberg

Author

Charlotte Janischewski

Date

2012-01-24 12:32

Author information

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The legal firm of Schneider Geiwitz & Partner announced on the afternoon of 18 January that agreement has been reached between the creditors' committee, chaired by the interim administrator Werner Schneider, and manroland executive manager Dr. Frank Kebekus, on an investors' plan for the insolvent manroland AG.

Author

Charlotte Janischewski

Date

2012-01-18 20:45

As manroland stated in a press release dated 2nd December 2011, the creditor banks have approved a credit with a total volume of EUR 55 million for the company. Thus continued business operation is guaranteed.

Author

Charlotte Janischewski

Date

2011-12-02 14:35

By filing for insolvency on 25 November 2011, manroland became another prominent victim of the crisis in the press manufacturing sector. Customers, business partners and competitors have a major interest in finding out what is going to happen to one of the largest suppliers on the world market.

Author

Charlotte Janischewski

Date

2012-01-06 14:54

Publishers and printers around the world have come to expect WAN-IFRA to provide the most up-to-date know-how about production processes, whether it be in prepress, printing, workflow or postpress. Its range of advisory services, trainings, reports and events are unparalleled. Read more ...