Company from southern Germany files for bankruptcy - 140 employees affected

As of: April 8, 2024, 12:13 p.m

By: Julian Baumann

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A supplier to the automotive and mechanical engineering industries has filed for bankruptcy (symbolic photo). © IMAGO/Alla Azarnikova

Another company from southern Germany has filed for bankruptcy. Around 140 employees are affected at two locations.

Stuttgart - The automotive industry is in a deep crisis, and the effects can be clearly felt in Baden-Württemberg. Several companies have already declared bankruptcy and the situation continues to worsen. A well-known mechanical engineering supplier is also affected, and employees fear for their jobs. In a statement on the insolvency, the provisional insolvency administrator is confident that he will be able to continue the company. At

you can read which company is exactly affected and what the bankruptcy filing specifically means for the employees.

In mid-March, an automotive supplier from Baden-Württemberg also had to file for bankruptcy due to high costs and the ongoing slump in consumption.