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 Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.11 - Manufacture Of Engines And Turbines, Except Aircraft, Vehicle And Cycle Engines
150 jobs Number of planned job losses
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.
Eurofound (2024), AEM Dessau, Bankruptcy in Germany, factsheet number 201754, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201754.
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