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 rubber, plastic and non-metallic minerals Manufacture of other non-metallic mineral products 23.1 - Manufacture of glass and glass products
100 jobs Number of planned job losses
Announcement Date
28 May 2025
Employment effect (start)
1 June 2025
Foreseen end date
Description
The German eyewear manufacturer Menrad is laying off 100 employees following the closure of its site in Schwäbisch Gmünd (Baden-Württemberg). The entire workforce at the headquarters, where the production, marketing and sales of spectacle frames were based, is affected.
The reason for the restructuring is liquidity problems due to declining orders and sales as well as an unsuccessful search for an investor. The company filed for insolvency at the end of March 2025. The redundancies affect full-time permanent employees. The redundancies will take place after the expiry of the insolvency wage compensation at the end of May; a social plan is intended to cushion the impact.
Eurofound (2025), Menrad, Bankruptcy in Germany, factsheet number 202908, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/202908.
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