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.
The Geesthacht Hospital in Schleswig-Holstein is laying off 250 employees. The hospital filed for insolvency in September 2024. In summer 2025, it was acquired by the CTP Group, which then filed for insolvency under self-administration in October 2025. The job cuts are necessary to financially stabilise and restructure the hospital's operations.
Management is working closely with the Federal Employment Agency to support affected employees as best as possible in their transition to new jobs. In addition, special payments are intended to keep operations running until 31 March 2026: employees in areas affected by the shutdown are to receive retention bonuses. According to the plan, they will receive €500 in January, €750 in February, and €1,000 in March. Furthermore, all employees who remain with the company until 31 March will receive a pro-rated annual bonus “in recognition of their commitment.”
By the end of March 2026, the hospital is to be transferred into a new organizational structure. According to the hospital, the geriatrics department, the psychiatric clinic, and the internal medicine clinic with acute care functions will remain in operation. Other departments, such as the intensive care unit, gynaecology, and obstetrics, will have to close. The hospital employs a total of 700 people.
Eurofound (2025), Krankenhaus Geesthacht, Bankruptcy in Germany, factsheet number 203903, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203903.
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