Himolla looks to restructure through protective insolvency process

German furniture manufacturer Himolla Polstermöbel GmbH has entered ‘protective shield proceedings’, a court-supervised restructuring process designed to allow the company to reorganise while continuing…

Appliances maker Electrolux to close Hungarian factory

Swedish appliance manufacturer Electrolux has announced it will close its factory in Jászberény, Hungary, by the end of 2026, with around 600 jobs affected. The site produces built-in and freestanding…

Former WH Smith’s small suppliers to lose at least half of debts in rescue plan

Small suppliers face losing at least 50% of the money owed to them by the 450-store high street chain TG Jones, formerly WH Smith, under a controversial restructuring plan.  Bought last year for £76m…

Evonik latest sign of consolidation across mature industrial markets

German speciality chemicals company Evonik has announced a further restructuring programme that will see around 3,200 jobs cut globally between 2027 and 2029, alongside its planned exit from the polyester…