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.
Kelvion, a German manufacturer of heat exchangers, announced the closure of its plant in Nobitz-Wilchwitz, Altenburger Land, which will eliminate all of the approximately 250 jobs by the end of 2026. The company will relocate production to its site in Sarstedt, Lower Saxony.
The decision comes amid rising revenues but aims to streamline operations and focus resources on key markets. The shutdown will reduce employment at the Nobitz-Wilchwitz site, while the Sarstedt location will absorb the production and remain operational.
Employees and labour unions were surprised about the measure. The unions announced to protest the lay-offs and to attempt to discuss alternative solutions to direct dismissals.
The site in Sarstedt will be receive sizeable investments and will be expanded into a European competence centre for plate heat exchangers. The brazed plate heat exchangers manufactured in Nobitz are installed in heat pumps, wind turbines and data centres.
Eurofound (2026), Kelvion, Relocation in Germany, factsheet number 300388, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/300388.