The electrical company Efbe Elektrogeräte GmbH from Bad Blankenburg has now been hit. The Belgian parent company TKG SRL had previously filed for bankruptcy.
According to the responsible law firm, the wages of the 26 employees are secured for three months through the insolvency benefit. All suppliers and customers of the company are informed and ready to maintain business relationships with the insolvent company. The company has existed for around 96 years. Founded in 1930 by Franz Baumgartner (hence eFBe), the company began as a special factory for heating pads and electrical devices. Parts of the company were forcibly transferred into the ownership of the GDR in the 1970s and 1980s. It is unclear what will happen next for the company, which has 26 employees. It was founded in 1930 and is based in the town of Blankenburg in Thuringia, Germany. It currently has around 2,000 employees and employs around 1,000 people.