Insolvency shock in Reutlingen: 1200 jobs in danger at Manz AG!

Insolvency shock in Reutlingen: 1200 jobs in danger at Manz AG!

Reutlingen, Deutschland - The Manz AG, a high-tech machine builder with headquarters in Reutlingen, submitted bankruptcy application at the end of 2024. As Merkur , the bankruptcy proceedings were officially opened at the Stuttgart District Court, including around 1,200 employees, including 490 Historical seat. The company's financial problems resulted from early investments in capacity for electromobility, which could not be covered by appropriate sales.

For the workforce, Martin Mucha, the provisional insolvency administrator from the Grubb Brugger law firm, was offered clear communication. Mucha informed the employees about the bankruptcy application and assured that the business continued to run. The company that produces machines for the automotive industry, electromobility and medical technology is now in a structured process for testing a renovation concept and is looking for a strategic investor that is ideally found until spring 2025.

background of bankruptcy

The situation was tightened by a significant decline in order numbers, which already led to the registration of short-time work at two locations in Baden-Württemberg in August 2024. In 2023, Manz achieved sales of 249 million euros. It is forecast that sales will only be between 170 and 180 million euros in the current financial year. Despite the bankruptcy, Manz should be taken from the stock exchange; The company went to the stock exchange in 2006.

The difficulties in Manz are part of a larger trend, since other mechanical engineers such as Illig from Heilbronn have also registered bankruptcy, but could enable investors to start a new one. The bankruptcy of Manz AG shows the challenges with which companies are confronted if high investments in new technologies cannot be compensated for by quick market sales. As can be seen in a further message of the company , the market conditions in the battery cell production and in the area of ​​electronic Components responsible for this development. Large projects from the manufacturers already announced have been moved or completely deleted.

-transmitted by West-East media