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.
According to the trade union Verdi, the social service provider IB West is expected to cut 500 jobs in North Rhine-Westphalia over the course of 2026. Major locations include Gummersbach with 92 employees and Waldbröl with 211 employees.
Since November 2025, the organization has been undergoing protective shield insolvency proceedings. According to Verdi, compulsory redundancies are likely. The handover of facilities and social services to other providers to mitigate job loss is being discussed, possibly including employees.
The union is calling for transparency in the process, genuine participation, and a thorough review of the causes that led to this situation.
IB West employs a total of 1,600 people in Germany.
Eurofound (2026), IB West, Bankruptcy in Germany, factsheet number 204250, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204250.