Restructuring events
European Restructuring Monitor (ERM)
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.
Hellweg, a German home improvement retailer, has announced that approximately 340 central management, support, and administrative positions will be eliminated as part of the restructuring of its corporate functions in Dortmund and Garching. The restructuring is currently under way as of August 2026 and the process is expected to be completed by the end of November.
The job cuts are linked to the company's insolvency and the planned transfer of store operations to new operators, while the former headquarters structure is to be wound down. Hellweg filed for insolvency in June 2026. The insolvency was attributed to weakening consumer demand, geopolitical uncertainties and rising costs. An insolvency social plan and an interest balance have been agreed upon with the works council. In the future, the stores are expected to operate under a range of different brands.
The Dortmund-based retail chain employs more than 3,200 people.
Eurofound (2026), Hellweg, Bankruptcy in Germany, factsheet number 300877, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/300877.
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