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 Manufacture of machinery and equipment Manufacture of machinery and equipment n.e.c. 28.94 - Manufacture of machinery for textile, apparel and leather production
270 jobs Number of planned job losses
Announcement Date
8 May 2025
Employment effect (start)
8 May 2025
Foreseen end date
31 October 2025
Description
Stoll, a German manufacturer of flat knitting machines based in Reutlingen (Baden-Württemberg), will close at the end of October 2025, resulting in the loss of 270 jobs.
The reason for the restructuring is ongoing losses and declining sales in the Karl Mayer Group, which Stoll is suffering considerably according to the parent company. All employees are affected, regardless of their job or type of contract.
Severance payments are planned according to seniority (0.25-0.45 gross monthly salaries per year of employment) as well as the establishment of a transfer company.
The trade union IG Metall criticised the lack of efforts by the Group management to save the site and continues to call for a search for investors, while the management emphasises socially acceptable solutions.
Stoll, founded in 1873, once employed 950 people and has been part of the Hessian Karl Mayer Group, which employes 2,800 employees worldwide, since 2020. As early as 2014, 125 jobs were cut as a result of internal restructuring Stoll 2014 - DE.
Eurofound (2025), Stoll, Closure in Germany, factsheet number 202733, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/202733.
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