Mayr-Melnhof: Bankruptcy in Switzerland

IndustrialsBasic Resources ♦ Published: December 8, 2010; 23:06 ♦ (Vindobona)

The Austrian manufacturer of packaging materials is preparing bankruptcy proceedings for the Swiss sawmill in Ems.

Mayr-Melnhof: Bankruptcy in Switzerland / Picture: ©

After the negative vote by the Swiss regional parliament for a financial contribution, Mayr-Melnhof is preparing the bankruptcy petition. A grant by the Canton for € 5.2m was herewith discarded.

130 workers will lose their jobs wiith the bankruptcy of the largest sawmill in Switzerland. The mill was purchased in 2000. Mayr-Melnhof states that they were aware at the time of…