1,800 employees could lose their jobs, but their auto workers are insolvent

Following the insolvency of both Führungsgesellschaften of the Wuppertaler Autozuliefers WKW, four German Tochtergesellschaften have now entered into insolvency. Rund 1,800 Mitarbeitende in Deutschland is affected, erklärte Joachim Exner, der voläufige Insolvenzverwalter.

Schwache Konjunktur in der Autoindustrie Grund für Insolvenzen

The Amtsgericht Wuppertal has filed a bankruptcy petition for all insolvent companies of the WKW-Gruppe, reports the Kanzlei Dr. Beck & Partners. As Grund for the department, the major enterprise of the automotive industry is operated, under the common sector leaders. “The soul is clear, the work environment is still alive,” said Exner.

WKW-Gesellschaften advocate: Betrieb wird weitergeführt

The WKW-Group repairs the design and functions of roof railing systems made of aluminium, steel and plastic. These Unternehmen have an annual amount of 560 million euros and a value of 3,300 people. The Geschäftsbetrieb will be the Exner weltweit and all Standorten in full Umfang weiter. All aspects are appreciated and appreciated. The consequences of the affected debts were reflected in November up to and including the insolvency money.

Exner reported the first positive results. “The people who can manage their company continue with the WKW.group and strengthen their foundations.” This is a good basis for investments with potential investors. “A bankruptcy Verfahren most of the time can be an investor of a company that can take over debts“, which exners take into account. The Wirtschaftswoche has a message about the insolvency of the Führungsgesellschaften.