Future for Samag: Austrian Saving Thuringian Mechanical Engineering

Future for Samag: Austrian Saving Thuringian Mechanical Engineering

There is exciting news in the mechanical engineering industry in Thuringia. As Tiefenbacher insolvency administration emphasizes that the operational business can be continued and informed about the current Situation during the procedure. support.

Personnel changes and location guarantee

currently Samag still employs around 90 people, but it is expected that around 50 of them can remain after the takeover. Around 40 jobs fall away because the order utilization does not allow this. An agreement between the insolvency administrator and the works council has already been reached in order to draw up a social plan for the employees concerned. Wei Wang also promised a five -year location guarantee for Thuringia, which is a relief for many.

Wang’s plan is particularly exciting to open Samag to the Chinese market. So far, business has been going towards European customers, but the new strategic orientation could bring a breath of fresh air to corporate culture. KPB-Inso notes that the history of Samag, which extends over 150 years, is still to be continued in a global sales network.

The managing director, Martin Hüttmann, emphasizes the need to advance the stability and sustainable restructuring of the company. The commitment of an experienced renovation team, led by the lawyer Thorsten Springstub, is of great importance. This is supplemented by the services of ABG Consulting-Partner GmbH & Co. KG, which specializes in commercial support in crisis situations.

Until the complete completion of the renovation process, the company will continue to work to set the course for a successful future. With these developments, Samag not only signals hope for itself, but could also be a positive signal for the entire mechanical engineering industry in the region.