German family business files for bankruptcy - 150 employees affected

As of: February 22, 2024, 5:03 a.m

By: Julian Baumann

Comments

Press

Split

A traditional road construction company has filed for bankruptcy under its own responsibility (symbolic photo).

© IMAGO/Walter Fischer

A traditional family business has filed for bankruptcy on its own initiative.

Around 150 employees are affected in five companies.

Stuttgart - The economic crisis has already left its mark on the business landscape of Baden-Württemberg in the still young year of 2024.

Only recently, the interior decorator TTL from Heidenheim had to file for bankruptcy, and now a traditional family-owned group of companies is also affected.

The group of companies, which is active in civil engineering and road construction, employs a total of around 150 people in its five companies.

At

you can read why a traditional German company has filed for bankruptcy and how the insolvency administrators assess the situation.

At the beginning of February, an automotive supplier from Baden-Württemberg also filed for bankruptcy, despite full order books.

The editor Julian Baumann wrote this article and then used an AI language model for optimization at his own discretion.

All information has been carefully checked.