Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
As announced on 8 April 2020, the German shipbuilding company Lürssen Werft will be closing its ship repair plant in Elsfleth by the end of the year which will result in the loss of 130 jobs. According to Lürssen Werft, the plant in Elsfleth, which was acquired from the insolvent Elsflether Werft in 2019, is no longer sustainable, making a closure inevitable. Lürssen will offer all affected employees jobs at other sites (possibly Berne, Lemwerder or Wilhelmshaven).
The yard has been operational for more than 100 years.
Eurofound (2020), Lürssen Werft, Closure in Germany, factsheet number 100575, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100575.