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 5 September 2025, according to trade union IG Metall, aluminium supplier Novelis plans to cut 197 full-time positions at its Koblenz site. The Koblenz plant employs 1,400 people.
According to the company, the restructuring will take place as part of a transformation process to increase competitiveness.
Novelis aims to cut jobs in a socially responsible manner. IG Metall does not rule out strikes if compulsory redundancies occur.
Novelis is headquartered in the USA and employs around 13,000 people worldwide across 33 sites, of which about 2,400 are in Germany.
Updated, 02/06/2026 In May 2026, Novelis announced that it had reached an agreement with the trade union IG Metall and the works council regarding the planned job cuts in Koblenz. Under this agreement, there will be no compulsory redundancies.
The measures package focuses on voluntary arrangements, including working time adjustments, training and retraining, and comprehensive social safeguards. It also includes pay protection, incentives for reduced working hours, new shift models, and partial retirement schemes.
Eurofound (2025), Novelis, Internal restructuring in Germany, factsheet number 203307, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203307.
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