EMCC European Monitoring Centre on Change

Peguform Gmbh

Company/Organisation:
Peguform Gmbh

Geographic Location

Country: Germany
Region: Breisgau-Hochschwarzwald; Freiburg; Baden-Württemberg
Location of affected unit(s): Bötzingen (Baden-Württemberg)

Company

Sector: Manufacturing
Manufacture of rubber and plastics products, and other non-metallic mineral products
22 - Manufacture of rubber and plastic products
Number Employed: 12000
Group: Venture Group

Employment Effects

Announcement Date: 29-05-2002
Planned Job Reductions min: 5500
Planned Job Reductions max: 5500
Type of Restructuring: Bankruptcy/Closure
Foreseen End Date: 01-12-2003

Additional Information

Initiatives have been taken to save the enterprise, but on 02/10/2002, insolvency has been declared. The enterprise can survive only with a restructuration plan or being sold.