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.
Franz Schneider, a German toy manufacturer, has announced the closure of its production facility in Neustadt bei Coburg, resulting in the loss of more than 110 jobs, affecting the entire workforce, with operations scheduled to cease at the end of December 2026.
The restructuring follows the company's insolvency, which was triggered by the loss of its second-largest customer in 2025, rising energy and raw material costs associated with the war in Ukraine, increasing competition from China, and the impact of US tariffs. During the insolvency proceedings, it was not possible to restructure the business successfully and preserve operations.
All job losses will be compulsory redundancies. Employees who remain with the company until the closure date will receive a retention bonus.
The shutdown marks the end of operations in Germany for the family-owned business, which was founded in 1938.
Eurofound (2026), Franz Schneider, Bankruptcy in Germany, factsheet number 300802, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/300802.
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