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 25 November 2024, the German chocolate manufacturer Leysieffer from Osnabrück, Lower Saxony, has declared insolvency in October 2024. The company has failed to find a new investor and is now being liquidated. All 150 employees have received their termination notices, having been informed of the closure on November 5. This affects all locations in Osnabrück, Hamburg, Berlin, Hanover, Münster, and Sylt.
The company has faced difficulties in the past, having previously filed for insolvency in 2019 and 2022. The previous insolvency proceedings do not appear to have led to a sustainable recovery.
Eurofound (2024), Leysieffer, Bankruptcy in Germany, factsheet number 201984, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201984.