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 metals Manufacture of fabricated metal products, except machinery and equipment 25 - Manufacture of fabricated metal products, except machinery and equipment
250 jobs Number of planned job losses
Announcement Date
24 February 2025
Employment effect (start)
24 February 2025
Foreseen end date
31 December 2025
Description
Groz-Beckert, a German manufacturer of precision tools for the textile industry based in Albstadt (Baden-Württemberg), is cutting a total of 250 jobs by the end of 2025, mainly affecting technical and commercial administrative areas at the Albstadt site.
The reason for the measure is a significant decline in sales as a result of the ongoing crisis years, geopolitical uncertainties and weak demand in the mechanical engineering and textile industries.
As part of a voluntary program, an amicable termination of employment was agreed with 202 employees - 73 received monthly payments and 129 signed termination agreements with one-off payments. The departures will be staggered, mainly in September and November 2025. The job cuts will be made exclusively through the voluntary program and natural fluctuation; there will be no redundancies in production.
Groz-Beckert has more than 9000 employees worldwide.
Eurofound (2025), Groz-Beckert, Internal restructuring in Germany, factsheet number 202838, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/202838.
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