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 13 March, the German automotive supplier Alu Druckguss, a subsidiary of the AE Group, is closing its site in Lübeck (Schleswig-Holstein). The closure will affect 127 employees.
The company had filed for insolvency under self-administration in August 2024 but was unable to find an investor. The employees will be laid off by April 2025. Over the course of the year, it became known that the remaining sites of the AE Group in Gerstungen (Thuringia) and Nentershausen (Hesse) will also have to close. This is also recorded in the ERM database AE Group - GER.
Eurofound (2025), Alu Druckguss, Closure in Germany, factsheet number 203324, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203324.