Insolvency of traditional companies after 150 years: 80 employees lose their jobs. The company Westermann & Co.
GmbH was founded in 1867 and has had its headquarters in the Sauerland ever since. Energy crisis, pandemic, inflation – the crises of recent years have particularly affected small and medium-sized companies. Experts expect high numbers of insolvencies to continue in 2024 before the situation stabilizes again. The bankruptcy in self-administration was filed in November 2023.