AEM Dessau

Type
Bankruptcy
Country
Germany
Region
Sachsen-Anhalt; Sachsen-Anhalt; Dessau-Roßlau, Kreisfreie Stadt
Location of affected unit(s)
Dessau-Roßlau
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28.1 - Manufacture of general-purpose machinery
28.11 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
150 jobs
Number of planned job losses
Job loss
Announcement Date
10 October 2024
Employment effect (start)
Foreseen end date

Description

As announced on 10 October 2024, the electric motor manufacturer AEM Dessau has filed for insolvency, leading to the loss of 150 jobs.

AEM Dessau cites a declining number of orders as the reason. It is continuing its operations for now. New co-partners are currently being sought, and initial interest has already been expressed. The wages of all 150 employees are secured through insolvency payments until the end of November 2024.

AEM works as a supplier for customers worldwide, manufacturing motors and generators for the shipping, hydroelectric and mining industries. The company employs 150 people in Dessau-Roßlau, Saxony-Anhalt.

Sources

Citation

Eurofound (2024), AEM Dessau, Bankruptcy in Germany, factsheet number 201754, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201754.