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.
Depot, a German retail chain specialising in interior decor, filed for insolvency in May 2026. Following the most recent wave of store closures in 2025, approximately 1,500 remaining jobs are now at risk. The closures affect stores across the country.
The company has identified US tariffs and increasing competition from online retailers as the main reasons for this renewed insolvency. The current restructuring phase focuses on reducing operational costs, primarily through the closure of further stores. The company aims to retain as many stores as possible and is assessing each location individually.
At the same time, the company continues to negotiate with landlords regarding its remaining sites. Though the exact number of job losses is not yet known, management already stated that it will review each location. Affected employees currently receive insolvency money.
Earlier internal restructuring measures were recorded in the ERM database in April 2025, including around 2,000 job cuts Depot 2025 - DE.
Updated, 03/07/2026 As part of its ongoing insolvency proceedings, Depot is closing 66 stores, resulting in the loss of 330 jobs. Some of the stores have already closed, while the remaining locations are expected to shut down after stock clearance sales are completed at the end of July. The remaining 80 stores will remain open for now, although further closures may follow.
Updated, 27/08/2026 The company’s insolvency proceedings have led to a final wave of layoffs. Depot will cease all operations by the end of September 2026, resulting in the termination of approximately 730 employees. Negotiations over remaining leases and potential smaller shop continuations are ongoing.
Eurofound (2026), Depot, * **10- Updated partial type:** **11- Updated description:** **Updated, 29/06/2026** Depot has closed 66 stores, resulting in the loss of 330 jobs. The closures will be completed by the end of July after stock clearance sales. Some outlets remain open pending landlord negotiations. **12- Updated company name:** UPDATE: 1- Updated job gains: 2- Updated minimum job loss: 730 3- Updated maximum job loss: 730 4- Updated direct dismissals: 730 5- Updated other measures: 6- Updated start date: 30/09/2026 7- Updated end date: 30/09/2026 8- Updated location of affected units: 9- Updated restructuring type: in Germany, factsheet number 300445, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/300445.
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