Insolvency in the Harz: 580 jobs in danger to the supplier Bohai Trimet!
Insolvency in the Harz: 580 jobs in danger to the supplier Bohai Trimet!
Harzgerode, Deutschland - The economic challenges in the Harz Spread and the automotive supply industry is particularly affected. In a worrying development, Bohai Trimet Automotive Holding GmbH from Harzgerode has registered bankruptcy, which was announced on July 6, 2025. The Halle District Court (Saale) then opened the bankruptcy proceedings for all four companies of the company. Experts point out that this situation not only affects the Harzgerode location, but also affects other companies in the region, as T-online.de reports.
Bohai Trimet produces gearbox, chassis and body parts for well-known German and Italian car manufacturers. The Harzgerode location has been firmly anchored in the production chain of the European automotive industry for years. However, the breakdown of positions began in October 2023, which illustrates the precarious situation of the company. Despite the bankruptcy, the production at the Harzgerode and Sömmerda locations in Thuringia has now been resumed, and the company pays the wages of the employees again, as reported News38.de
job loss and jobs
currently 580 people are employed at the Harzgerode location, while there are still 98 jobs in Sömmerda. Around 500 other jobs in the region indirectly depend on the production of Bohai Trimet. The forecast, which is formulated by various industry experts, is worrying. In the first half of 2024, the number of large insolvencies in Germany rose significantly, especially in the automotive supply industry, where there was an increase of 67 percent to 20 cases, so Merkur.de.
The reasons for this development are complex. Increasing raw material and freight costs as well as the challenges in the course of electromobility, the calculations of the suppliers put a lot of strain on. The competition from Asia increases, which could further tighten the situation. Jochen Wierz, automobile expert at Falkensteg, sees e-mobility behind the expectations, which requires additional investments that cannot then be compensated for. Therefore, another increase in bankruptcies in the second half of 2024 is forecast.
The search for solutions
In the middle of these uncertainties, first discussions with potential investors signal that you do not give up at Bohai Trimet. Insolvency administrator Olaf Spiekermann speaks of a rapid restoration of production and the already ongoing discussions, even if the process is described as lengthy. However, the hope of a change and thus a perspective for the employees remains fragile and requires committed discussions with the investors.The pressure in the region is noticeably high, because the automotive suppliers not only have a direct impact on the jobs there, but also on the entire economic situation. It is therefore crucial that solutions are found to secure the jobs in the Harz Mountains and to ensure a positive development in the automotive supply industry.
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| Ort | Harzgerode, Deutschland |
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