Insolvency of the car supplier Bohai Trimet: Harzgerode fights for jobs!

Insolvency of the car supplier Bohai Trimet: Harzgerode fights for jobs!

Sömmerda, Thüringen, Deutschland - In a worrying phrase, the car supplier Bohai Trimet , based in Harzgerode (Harz), insolvency) Registered and now urgently searches for investors. The responsible district court of Halle (Saale) opened the procedure, while the company continues to operate at its production locations in Harzgerode and Sömmerda (Thuringia). Despite this critical situation, insolvency administrator Olaf Spiekermann announces that the production lines are already running completely.

The economic difficulties are not new. As early as October 2024, Bohai Trimet had to take unpleasant measures and stroke to avoid financial bottlenecks. A total of 678 employees in Saxony-Anhalt and Thuringia are currently employed. There is currently no question of layoffs, which brings a certain relief for the employees. The company has also been wearing salaries since July after the Federal Employment Agency supported bankruptcy money.

background of bankruptcy

The location of the car supplier has been noticeably tightened in recent years. Increasing energy costs, coupled with the rapid switch to electromobility, have brought many companies into financial difficulties. Reports from t-online has the insecurity regarding the future vehicle technologies-whether diesel Petrol or electrical - the predictability for suppliers is severely difficult.

Bohai Trimet is a subsidiary of the Chinese Bohai Automotive Systems group and, among other things, supplies big names such as Mercedes and Italian luxury brands. Despite several million euros that have been invested by the Chinese owners in recent years, the company has not had any sustainable successes. The withdrawal of a declaration of patronage by the owners has increased the concerns about financial stability.

look at the industry

The bankruptcies in the automotive supplier industry are increasing, as well as GFL-broker . In the first half of 2024, 20 companies have already submitted bankruptcy applications, which is almost a doubling compared to the previous year. These developments affect over 10,000 jobs and throw a shadow on the entire industry. Managing Director Marcus Sarafin expresses himself pessimistically about the future because the uncertainties regarding customer requests are deeply rooted in the industry.

As is going on for Bohai Trimet, it remains to be seen. The next steps could be crucial for the employees and the entire region. It is to be hoped that the company will find out of this crisis with a good hand and may soon be able to go back to the regular course.