Overview
- Management said the self-administration insolvency process launched in December did not yield a buyer for the operating business, with interest focused only on real estate.
- About 270 jobs will be cut across the three sites, including roughly 180 in Karlsruhe, 60 in Ammelshain near Leipzig and 30 at the Ulm headquarters.
- Karlsruhe and Ammelshain will carry out an orderly run‑down, with customer orders to be manufactured and delivered before operations cease.
- The works councils have been informed and will negotiate an interest‑equalisation arrangement and social plan for affected employees.
- CEO Ulrich Braig and court-appointed custodian Georg Jakob Stemshorn of PLUTA expressed regret, saying efforts to keep the company operating were unsuccessful.