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.
Groz-Beckert, a German manufacturer of precision tools for the textile industry based in Albstadt (Baden-Württemberg), is cutting a total of 250 jobs by the end of 2025, mainly affecting technical and commercial administrative areas at the Albstadt site.
The reason for the measure is a significant decline in sales as a result of the ongoing crisis years, geopolitical uncertainties and weak demand in the mechanical engineering and textile industries.
As part of a voluntary program, an amicable termination of employment was agreed with 202 employees - 73 received monthly payments and 129 signed termination agreements with one-off payments. The departures will be staggered, mainly in September and November 2025. The job cuts will be made exclusively through the voluntary program and natural fluctuation; there will be no redundancies in production.
Groz-Beckert has more than 9000 employees worldwide.
Eurofound (2025), Groz-Beckert, Internal restructuring in Germany, factsheet number 202838, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202838.