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.
Manufacturing (32) Other manufacturing 32.4 - Manufacture of games and toys 32.4 - Manufacture of games and toys
200 jobs Number of planned job losses
Announcement Date
6 December 2018
Employment effect (start)
1 January 2019
Foreseen end date
Description
Kettler, a longstanding German manufacturer of toy cars and other sports and toy products, had to file insolvency in autumn 2018; however, in December 2018 it was taken over by the owner-run German investor Lafayette Mittelstand Capital. Lafayette announced plans to continue production and to keep 500 out of 700 workers; 200 workers will be dismissed and transferred to a training company. The new goal of the company is to modernize product development and production processes and to further internationalize the business.
Sources
Citation
Eurofound (2018), Kettler, Merger/Acquisition in Germany, factsheet number 96319, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/96319.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...