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 announced on 5 September 2025, the German company Heraeus Covantics, which manufactures quartz glass and is part of the Heraeus Group, is cutting 240 jobs.
In Kleinostheim in the Aschaffenburg district (Bavaria), 170 employees are affected. Additionally, 70 employees are affected in Bitterfeld, Saxony-Anhalt. The reason cited is low demand in the semiconductor industry, the company’s most important customer.
The Heraeus Group, headquartered in Hanau, is among the largest family-owned companies in Germany by revenue. The company has locations in Europe, the USA, and Asia.
Heraeus Covantics employs 2,000 people worldwide, of which 1,000 are in Germany.
Eurofound (2025), Heraeus Covantics, Internal restructuring in Germany, factsheet number 203304, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203304.