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 announed on 1 September 2025, the German automotive supplier AE Group will close its sites in Gerstungen (Thuringia) and Nentershausen (Hesse) at the end of 2025. The closures will affect 683 employees, including 549 in Thuringia and 134 in Hesse.
The company had filed for insolvency under self-administration in August 2024 but was unable to find an investor. In March 2025, the site in Lübeck had already been closed, which was also recorded in the ERM database Alu Druckguss - GER. A reconciliation of interests has been agreed upon between the insolvency administrator, management, and the works council. Employees now affected can transfer to a transfer company, where they will receive up to six months of salary and support in finding new jobs. Training and further education will also be offered.
Eurofound (2025), AE Group, Bankruptcy in Germany, factsheet number 203253, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203253.