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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…
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…
How Morrow Batteries’ Bankruptcy Lays Bare the Economics of European Cell Manufacturing
In early May 2026, Norwegian lithium-ion phosphate (LFP) manufacturer Morrow Batteries ASA filed for bankruptcy due to a fatal liquidity crisis. The company had recently achieved key milestones, including…
Maeve Aerospace collapses after SkyWest-backed hybrid aircraft program stalls
Dutch aircraft developer Maeve Aerospace and its parent company, Green Transition Alliance, have declared bankruptcy after failing to secure a crucial €20 million investment round. The financial collapse…
