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.
The Presswerk Krefeld in North Rhine-Westphalia, which is as press plant part of CoFo PWK, has announced plans to lay off 69 of its 300 employees. The employees will receive their termination notices at the end of January 2026.
The company had filed for insolvency in November 2025. Despite this, the press plant is expected to continue operating. According to the company, the job cuts are intended to improve the chances of keeping the business running.
They say they aim to find socially responsible solutions and will set up a transfer company to support affected employees.
The Krefeld facility manufactures formed metal parts used, among other things, in vehicle production. CoFo PWK operates two additional sites in Germany, Gelenau and Dietenheim, and employs around 700 people nationwide.
Eurofound (2026), Presswerk Krefeld, Bankruptcy in Germany, factsheet number 204108, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204108.