Overview
- Insolvency administrator Romy Metzger says the situation looks more like an end than a rescue for the aluminum die-caster.
- Advisers approached 146 potential investors worldwide, and a bid from an Aachen entrepreneur was judged nonviable by main customer ZF Friedrichshafen.
- The case shifted from self-administration to regular insolvency in early August with an orderly wind-down mandated by the court in Meiningen.
- The creditors' committee did not announce a production halt on Monday, and the administrator’s office says no decision is expected before the end of the week.
- A negotiated social plan and a transfer company are in place for affected workers, with local officials warning of serious regional fallout after the earlier closure of the Lübeck site.