Zanders confirms continuation of operations

The restructuring team involved in the insolvency proceedings around Zanders have moved to emphasize that the business operations of the paper producer will continue in full.

Zanders confirms continuation of operations

Insolvency proceedings were opened at Zanders last month, with the restructuring concept expected around the end of July.

The salaries of around 500 employees are secured for June, July and August. June salaries have already been paid.

Based on the course of proceedings so far, the team involved is confident that they will develop a viable concept with which Zanders can be sustainably restructured.