Overview
- At the Diepersdorf site, 120 employees are being dismissed in January and 40 fixed-term contracts will not be renewed.
- Staff were briefed on January 28 after the insolvency administrator and the works council agreed on layoffs and a social plan.
- Insolvency proceedings for the Oberlungwitz and Lüdenscheid sites are scheduled to open on January 30 with restructuring already underway.
- Interested parties have submitted offers for all three locations, forming the basis for negotiations that depend on near-term profitability.
- The supplier, which makes plastic components for major carmakers, blames losses on weaker European car sales and higher raw material and energy costs.