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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…
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…
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…