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.
Aldel is an aluminium producing and processing company based in Delfzijl, Groningen. It closed the smelter some weeks ago and is planning to cut between 150 and 200 jobs. High energy prices made the production of liquid aluminium no more profitable. The company plans to buy aluminium from other producers, instead of producing it, and to keep the aluminium foundry open. Talks with unions are ongoing: according to employee representatives, it could take weeks before a social plan is on the table. Furthermore, employee representatives doubt that the only-foundry-based business plan is feasible, since it has already shown to be unrealistic in previous restructuring plans.
In the past ten years, Aldel has gone bankrupt twice. In 2017, the company was taken over by investment company York Capital Management.
Previous announcements were recorded on the ERM database in 2009, with 185 job cuts, and in 2013, with 300 job cuts.
Eurofound (2021), Aldel, Internal restructuring in Netherlands, factsheet number 105481, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/105481.