Rosenthal Porcelain Faces Possible Factory Closure Amid Financial Struggles
The iconic German porcelain manufacturer is considering closing one of its two factories as sales decline and costs rise, with a final decision expected in January.
- Rosenthal is in crisis, citing a 30% drop in revenue over the past two years and shifting consumer demand for porcelain products.
- The company is negotiating with labor unions to consolidate production into a single factory, potentially leading to significant job losses.
- Rosenthal currently operates two production sites in Selb and Speichersdorf, employing approximately 600 workers.
- Management has pledged to maintain production in Germany but acknowledges the need for structural and workforce reductions to remain competitive.
- A final decision on the company's future, including potential factory closures or restructuring, is expected by the end of January 2025.