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 Manufacturing Of Furniture And Other Manufacturing Other Manufacturing 32 - Other Manufacturing
240 jobs Number of planned job losses
Announcement Date
11 October 2024
Employment effect (start)
11 October 2024
Foreseen end date
1 July 2026
Description
As announced on 11 October 2024, the Austrian foam specialist Neveon, belonging to the Greiner Group, plans to close three locations in Germany by mid-2026, making 240 employees redundant.
This includes the production sites in Ebersbach and Burkhardtsdorf, as well as the administrative site in Wiesbaden. A social plan will be developed in cooperation with employee representatives. The company cited the sites' lack of profitability and diminishing competitiveness in the tough market conditions as reasons for the closures.
Eurofound (2024), Neveon, Closure in Germany, factsheet number 201745, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201745.
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