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.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.32 - Manufacture Of Other Parts And Accessories For Motor Vehicles
180 jobs Number of planned job losses
Announcement Date
27 February 2025
Employment effect (start)
27 February 2025
Foreseen end date
31 May 2025
Description
Automotive supplier Flabeg has announced it will cease its German production in May 2025 after filing for insolvency.
Already in summer 2024, the display and mirror manufacturer had filed for insolvency and wanted to restructure its business. However, after its latest product development failed to pass security tests, an interested investor has withdrawn. As no new investors are coming on board, the insolvency administrator has announced the final closure of the company in Germany.
180 employees are affected by this step. Whilst 100 employee will receive their termination notice within a couple of days, another 80 employees will remain in employment until the final shut down of the company in May 2025.
Eurofound (2025), Flabeg Automotive, Bankruptcy in Germany, factsheet number 202438, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202438.
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