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.
Venator , a German chemical company specialising in white pigments, announced the permanent closure of its plant in Krefeld-Uerdingen. The decision will result in the loss of around 350 jobs at the Uerdingen Chempark site, with the positions to be cut by the end of May 2026.
The closure, caused by provisional insolvency, was confirmed following the initial insolvency filing in September 2025. No investor could be found for the site, as a potential investor from China ultimately decided against proceeding.
A transfer company has been set up, and the employees are to be supported in finding new jobs.
At the beginning of the year, the company’s Duisburg site was saved, as a new investor took over the plant and the approximately 350 employees.
Eurofound (2026), Venator, Bankruptcy in Germany, factsheet number 300413, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/300413.
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