Overview
- The Medebach firm filed for an insolvency proceeding in self-administration on June 8, seeking legal protection while management tries to stabilise the business.
- The Amtsgericht Arnsberg appointed lawyer Marco Kuhlmann as provisional custodian to oversee the process under court supervision.
- Production and service work continue at the site and employees’ pay for an initial period is covered by insolvency benefits from the Federal Employment Agency.
- Management remains in place and is being supported by restructuring advisers Dr. Frank Kebekus and Karsten Müller-Körber as they negotiate changes with the works council.
- The company blames a sudden drop in orders from the automotive industry, rising cost and client insolvencies, a pattern that underscores wider strain in German machine building and supplier networks.