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.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.10 - Manufacture Of Motor Vehicles
200 jobs Number of planned job losses
Announcement Date
29 May 2024
Employment effect (start)
Foreseen end date
Description
The German electric car start-up Next.e.GO Mobile has announced plans to lay off 200 employees at its headquarters in Aachen due to its insolvency.
The start-up was unable to attract new investors following its insolvency in March 2024. The company's assets are to be liquidated in order to pay off creditors. The remaining 200 employees will be made redundant.
The electric car manufacturer was founded in 2015 by Günther Schuh and his team at RWTH Aachen University along with great media attention. With the first e.Go Life model, the aim was to offer an affordable alternative to expensive electric cars such as Tesla. The vehicle was produced in series from 2019 to 2022.
Sources
9 June 2024: Münchner Merkur (online) (www.merkur.de)
Eurofound (2024), Next.e.GO Mobile, Closure in Germany, factsheet number 201317, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201317.
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