Rolly Toys, the German manufacturer known for its die-cast vehicles, is shutting down its production facility in Germany, resulting in the loss of 120 jobs by the end of the year.
The closure marks a significant contraction for the company, which has been grappling with the same structural pressures affecting the broader German industrial base.
The decision follows a similar move by Playmobil, another major German toy producer, which recently announced its own restructuring measures.
These developments highlight the intensifying challenges facing traditional manufacturing firms in Germany, where rising costs and shifting consumer demand are forcing difficult operational choices.
The Rolly Toys closure adds to a broader trend of workforce reductions across the German economy.
Volkswagen Group recently confirmed plans to eliminate up to 100,000 jobs globally, doubling the scale of its previously indicated workforce reductions.