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 07 October 2024, Würth Elektronik plans to close its plant in Schopfheim, Baden-Württemberg by mid-2025, resulting in 300 job cuts.
The company specialises in manufacturing printed circuit boards for the electronics industry. Würth Elektronik is a subsidiary of the Würth Group, a manufacturer and distributor of fastening and assembly technology. The reason for the closure is the pressure from foreign competitors in the printed circuit board market and the declining demand for circuit boards from Europe.
Würth Elektronik employs 7,900 people worldwide, including 1,000 in Germany.
Eurofound (2024), Würth Elektronik, Closure in Germany, factsheet number 201704, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201704.