NEVEON closes
three locations
in Germany

• Foam specialist NEVEON is consolidating its production network and closing the loss-making German production sites in Ebersbach and Burkhardtsdorf as well as the administrative site in Wiesbaden. The German sites in Dörfles-Esbach and Nürtingen are not affected by the restructuring measures.
• Existing customers will continue to be supplied with high-quality foam products and solutions from the NEVEON network as usual.
• Around 240 employees are affected by the closures – a comprehensive social plan is being negotiated with employee representatives.
   

Vienna, October 11, 2024 - Foam specialist NEVEON, a member of the Greiner Group, is to close its loss-making German production sites in Ebersbach and Burkhardtsdorf and its administrative site in Wiesbaden. Due to the increasingly challenging international market environment and a severely weakening furniture, automotive, construction and heating industries in Germany and Europe, the previously mentioned locations are no longer competitive despite intensive efforts and comprehensive restructuring measures. The plan is to complete all closures by mid-2026, with the exact timing varying per location and being negotiated with employee representatives.

In the course of the closures, NEVEON will consolidate its network of locations and continue to supply customers with high-quality foam products and solutions from existing locations in the NEVEON production network as usual.
 

Social plan being negotiated with employee representatives

Around 240 employees are affected by the closure; they were informed of the decision today. In order to provide the best possible support to those affected in this difficult situation, a comprehensive social plan is being drawn up together with the employee representatives.

"In view of the increasingly challenging international market environment and the massive slump in the markets, particularly in the furniture, automotive, construction and heating industries in Germany and Europe, we have unfortunately not succeeded in bringing the loss-making German sites out of the economic red despite comprehensive restructuring measures. After careful consideration and with a heavy heart, we have decided to react to the difficult market conditions and close the sites in the interests of the company as a whole," says Jürgen Kleinrath, CEO of NEVEON, adding: "We deeply regret this step with regard to the colleagues affected and will offer the best possible support. Together with the employee representatives, we will negotiate a comprehensive social plan."