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.
(10 - 33) Manufacturing (22 - 23) Manufacture of rubber, plastic and non-metallic minerals 23.1 - Manufacture of glass and glass products 23.1 - Manufacture of glass and glass products
240 jobs Number of planned job losses
Announcement Date
5 September 2025
Employment effect (start)
5 September 2025
Foreseen end date
Description
As announced on 5 September 2025, the German company Heraeus Covantics, which manufactures quartz glass and is part of the Heraeus Group, is cutting 240 jobs.
In Kleinostheim in the Aschaffenburg district (Bavaria), 170 employees are affected. Additionally, 70 employees are affected in Bitterfeld, Saxony-Anhalt. The reason cited is low demand in the semiconductor industry, the company’s most important customer.
The Heraeus Group, headquartered in Hanau, is among the largest family-owned companies in Germany by revenue. The company has locations in Europe, the USA, and Asia.
Heraeus Covantics employs 2,000 people worldwide, of which 1,000 are in Germany.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
