The traditional paper mill in Penig with 119 employees will be closed. This was announced by the company Felix Schoeller on request. The move was justified by a persistently weak economy and increased competitive pressure. The market pressure will not improve in the foreseeable future, so that there is no other economic choice, explained company boss Christoph Gallenkamp.
The company Felix Schoeller, based in Osnabrück (Lower Saxony), took over the Penig site (district of Central Saxony) in 1991. Its history dates back to 1537, making it the oldest paper mill still in production in Germany. Until now, decorative paper has been produced there, which is used for furniture and interior fittings. Production is now to be relocated to other sites, the company said.
The closure will take place over the course of this year. The company spoke of a socially responsible implementation. The employees will be offered continued employment at other locations. However, they would have to commute or relocate to the Black Forest or Allgäu in future.
