Overview
- The insolvency administrator said a year-long effort did not yield a long-term investor despite stabilized operations and initial interest.
- Production will be wound down at the Gardelegen and Idar-Oberstein sites, with work set to end by the close of the year.
- About 330 employees in Gardelegen are affected, and the administrator aims to agree socially responsible solutions during the wind-down.
- The company makes specialized plastic and zinc die-cast interior parts for automakers including VW, Audi, BMW and Skoda, and it has posted continuous losses in recent years.
- Local leaders pledged support for job placement as a works council representative voiced hope for fresh orders and potential state assistance.