IMG Rostock: Employees are desperately waiting for salaries - what now?

IMG Rostock: Employees are desperately waiting for salaries - what now?

Rostock, Deutschland - What's new from Rostock? The mechanical engineer IMG, known for its products in various engineering techniques, faces a serious crisis. Around 80 employees have been waiting for their salaries since April, which strongly presses the mood in the workforce. The works council has therefore convened an employee meeting, because uncertainty about the economic future is great. In discussions with investors and clients, the management struggles to find solutions to get the company back on track. While some employees hope for the ongoing order processing and new inquiries, there are also many skeptics who hope for an orderly bankruptcy. The situation is also complicated by the fact that if insolvency insolvency, the right to salary only applies to a maximum of three months. This period ends on July 1, which increases the pressure on the management to present a solution.

Last autumn, the workforce had already experienced a similar situation when employees had to wait for their salary for months before an orderly bankruptcy was initiated. Interestingly, on April 1, a sale to the former journalists Zachert, who had previously taken over another mechanical engineering company, which has now been broke. The decision about the future of IMG could be made in the next few days, according to the company spokeswoman, who is optimistic and hopes that an overall solution will be found in June. [Ndr.de reports that ...] (https://www.ndr.de/nachrichten/mecklenburg-vorpommern/rostock/leehne-nicht-tläft-img-rostock-zrage-um-auftraege ,Mvregiorostock-144.html)

The situation is intensified

parallel to the crisis at IMG, another traditional company reports bankruptcy. Ingenieurtechnik und Maschinenbau GmbH is a worldwide active provider of complex systems and transport solutions, which are mainly active in the areas of shipbuilding, mechanical engineering, steel construction and wind energy. The company sees itself in a financial imbalance due to open demands of an Indian company. Here, too, the inconsistent order situation in the shipbuilding industry has contributed to the current emergency. The insolvency administrator is now checking the order situation, while a decision on the future of employees is to be made on Wednesday. Chip.de reports that…

These developments are part of a worrying trend in Germany. According to a current statistics, a total of 21,812 companies filed for bankruptcy in 2024, which represents an increase of around 22.4 % compared to the previous year. On the one hand, companies that have been on the market for a long time are particularly affected, and on the other hand, former self -employed people who had to make bankruptcy applications due to debt. These figures make it clear that corporate insolvencies increase overall, which further fueling the concern for economic stability in the region and beyond. Ifm-bonn.org reports that…

The coming days could be crucial for the future of IMG and the employees concerned. While the managing directors are in talks, it remains to be seen whether new investors can be found or whether companies drift into bankruptcy. The concerns about salary payments and job losses hang in the air and show the challenges with which the industry is currently confronted.