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.
Panariagroup Deutschland, a tile manufacturer and German subsidiary of the Italian group Panariagroup, announced the closure of its plant in Leisnig, resulting in the loss of 165 jobs at the facility, at the end of June 2026.
The decision follows insolvency proceedings triggered by high energy costs and declining demand. Employees will continue to receive their wages through the state insolvency benefit scheme until the end of June. Negotiations are currently taking place between the works council and the insolvency administrator on a reconciliation of interests for the affected employees. A small number of workers have received job offers from the Meta-Wolf Group.
Although the new owners, the Meta-Wolf Group and Singapore-based TWO Family Office, have acquired the premises, they decided not to take over the existing operations. Instead, they have retained the furnaces for potential future use.
The future owners plan to modernise the facility and, when production resumes in 2027, invest in solar systems, robotics and artificial intelligence.
This restructuring follows the 2023 reduction of 120 jobs resulting from the insolvency of Steuler Fliesengruppe. Following the insolvency, the Leisnig plant was sold to Italy's Panaria Group and became Panariagroup Deutschland. Steuler Fliesengruppe - 2023 - DE
Eurofound (2026), Panariagroup Deutschland, Bankruptcy in Germany, factsheet number 300678, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/300678.
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