2024-07-30 14:29:49
The traditional Swabian company is insolvent. It is questionable whether the court-appointed interim administrator will be able to preserve the jobs.
The traditional car seat manufacturer Recaro in Kirchheim unter Teck has filed for bankruptcy. The Esslingen District Court ordered provisional self-administration on Monday and appointed Stuttgart lawyer Holger Blümle as provisional administrator. He is to examine the economic situation of Recaro Automotive GmbH and monitor the management.
IG Metall was taken by surprise by the insolvency application. “It is unclear what this means for the 215 employees of Recaro Automotive GmbH in Kirchheim,” the union said.
For several years, the workforce has helped to keep the company financially stable by waiving and postponing wages. “We are disappointed and feel let down by management,” said works council chairman Frank Bokowits. “Our colleagues have made great sacrifices to support the company.”
IG Metall is calling for a transparent dialogue with management and the trustee. “We expect that all options will be exhausted to secure jobs and find a sustainable solution,” said Esslingen-based IG Metall boss Alessandro Lieb. A meeting with employee representatives is planned in the coming days to discuss the next steps.