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.
Bohai Automotive, a German automotive supplier in Saxony-Anhalt, annouced the closure of its production in Harzgerode due to bancruptcy.
All 550 workers will be set-off by 31 January 2027.
Declining orders from key customer Volkswagen and the resulting underutilization of the production facility are the reason.
The insolvency administrator intends to promptly enter into negotiations with the works council and IG Metall regarding a social plan and an agreement on the balancing of interests.
The closure affects all remaining employees of Bohai Automotive.
Eurofound (2026), Bohai Automotive, Bankruptcy in Germany, factsheet number 301188, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/301188.
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