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.
German tools manufacturer Werkzeugbau Laichingen announced to permanently cease its business operations due to insolvency at the end of 2025, affecting around 100 employees.
The dismissed employees will be offered to move to a transfer agency that will support them during their job search starting from October 2025. In addition, they will receive so-called transfer short-time working allowance. The company also attempts to transfer their ten apprentices to other businesses where they can finish their training.
Werkzeugbau Laichingen first filed for insolvency in July 2025. The appointed insolvency administrator hoped that filing for preliminary insolvency proceedings could help attract new investors that would help the company out of its financial distress. However, by the end of September 2025, the insolvency administrator had to announce the closure as the company's current orders were almost completed with no new orders in sight, which caused the deterrence of new investors.
The company had a 130 year long tradition in the region.
Eurofound (2025), Werkzeugbau Laichingen, Bankruptcy in Germany, factsheet number 203437, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203437.