Wartburg district in turmoil: 600 jobs in danger in the event of bankruptcy of the AE Group!
Wartburg district in turmoil: 600 jobs in danger in the event of bankruptcy of the AE Group!
Wartburgkreis, Deutschland - In the Wartburg district, the AE Group aluminum foundry makes a name for itself: the company is faced with a deep change and has registered bankruptcy on their own administration. According to Thuringia, the company has been sitting in one for about a year Insolvency proceedings and the hope of the managing director to turn the situation are disappearing. A spokesman for the insolvency administrator, Veit Mathauer, already expressed that "it doesn't look good".
The situation is alarming for around 600 employees of the company. You could lose your jobs without a new investor. Talks to find a possible investor are already running, but so far without concrete success. Mayor Daniel Steffan is in contact with the management to avoid a social clear cut. The municipality plans to offer support to the employees concerned, and thinks of mediation, qualification or even the establishment of new companies.
financial problems as a central challenge
The AE Group, which was taken over by the Munich Alutech Holding, fights with profound financial problems. These include the result of the loss of several orders, including a major large order from Scania. Definitely a downer for the company that employs over 1000 people. If the opinion that the crisis is only a short -term problem, it can now be seen that the change of shareholders is not sufficient to solve the economic problems. The company urgently needs an adapted renovation concept to be sustainably profitable, as CEO Christian Kleinjung emphasizes.
In the summer of 2023, a renovation concept was introduced, which has already been posted some successes, such as reducing debt. However, persistent price increases in the energy and raw material markets as well as the dark clouds that hang over demand from large German automobile manufacturers significantly impress the surgical earnings. According to Ae Group there is a need to increase and to assert itself in a highly competitive market.
coping with crisis and renovation measures
The current situation of the AE Group underlines the importance of timely crisis management strategies, as also in the explanations lawyal.de . Corporate crises can sneak in and often forward -looking action is crucial to minimize damage.
In the bankruptcy phase, many companies pursue a pre -insolvency renovation concept that contains various measures, from redesigning credit conditions to the development of extensive renovation plans. An external renovation consultant could give decisive impulses to get the AE Group on course and keep the employees. The goal is clear: no unwanted separations and a sustainable realignment of the company, even if the way there could be stony.
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| Ort | Wartburgkreis, Deutschland |
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