Company/Organisation:
Lindenfarb
Geographic Location
Country:
Germany
Region:
Ostalbkreis; Stuttgart; Baden-Württemberg
Location of affected unit(s):
Aalen
Company
Sector:
Manufacturing
Manufacture of textiles, apparel, leather and related products
13.3 - Finishing of textiles
Number Employed:
240
Employment Effects
Announcement Date:
08-01-2021
Planned Job Reductions min:
120
Planned Job Reductions max:
120
Type of Restructuring:
Internal restructuring
Employment Effect Start:
08-01-2021
Foreseen End Date:
31-01-2021
Additional Information
As announced on 8 January 2021, the German textile finishing company Lindenfarb will be cutting 120 jobs due to internal restructuring until the end of January 2021. After declaring insolvency in 2020 - for the third time within the last 5 years - an investor was found and the rehabilitation procedure will be completed at the end of January. Part of the process is the reduction of 120 jobs in Aalen, which is equivalent to half of the company’s employees. Lindenfarb was hit hard by the COVID-19 crisis, making the insolvency process inevitable. As of today, there is no information on a social plan available.
Currently Lindenfarb has 240 employees in Germany.
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