Insolvency drama: WOBO is fighting for survival despite full order books!

Insolvency drama: WOBO is fighting for survival despite full order books!

The automotive industry has once again suffered a bitter setback: Webo GmbH, a traditional supplier from Amtzell near Ravensburg, made bankruptcy application on December 2. Although the order books are full, the company suffers from an acute liquidity bottleneck, caused by the global economic crisis and falling number of calls in the bike segment, so reports . The provisional insolvency administrator, lawyer Dr. Matthäus Rösch will accompany the Situation in the coming months and check whether the company is continuing, which could also include the securing of jobs.

company history and crisis situation

Webo, which has been producing tools and systems for the automotive and bicycle industry since 2008, has received several awards, including the German Founder Award, in the past. At the best times, the company employed over 100 people. But after a high in sales in 2018, draconian break-ins by the Corona crisis and the associated recession in the automotive industry followed fr.de .

Webo GmbH has tried to become independent of the automotive industry, but this step proved to be inadequate in view of the economic framework. The current liquidity bottleneck shows how critical the situation in the industry is: Large manufacturers such as Volkswagen are already examining job cuts and factories. The bankruptcies in the corporate landscape are increasing, which shows the alarming consequences of a trend at WEBO that could probably reach record values in 2024.