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Meyer Burger: Insolvency filed for German subsidiaries!
Meyer Burger files for bankruptcy for its German subsidiaries while restructuring negotiations to maintain the location are ongoing.
Meyer Burger: Insolvency filed for German subsidiaries!
Meyer Burger Technology AG is faced with a particular challenge as the company has filed for insolvency for its German subsidiaries. This decision affects Meyer Burger (Industries) GmbH and Meyer Burger (Germany) GmbH after all efforts to successfully reorganize have so far failed. This step was announced on Saturday evening and means that the locations in Germany will continue to exist despite the insolvency proceedings, provided that the restructuring is successful, as Ökonews reports.
The subsidiary in Germany employs over 600 people, spread across the production facility in Thalheim and technology development in Hohenstein-Ernstthal. The situation is particularly worrying in the USA, where on May 29, 2025, all 282 employees of Meyer Burger (Americas) Ltd. were fired. However, the company remains as a legal entity. In Switzerland, however, the subsidiary Meyer Burger (Switzerland) AG remains operational with around 60 employees.
Remediation attempts and further steps
Despite the applications for insolvency, negotiations about possible restructuring measures are still ongoing. These negotiations are conducted by a court-appointed provisional insolvency administrator. The original deadline for submitting financial figures for 2024 expired on May 31, 2025, although the company has requested an extension. Given the current situation, it is uncertain what will happen to the jobs in the German subsidiaries, as concrete information about the future of the employees in the insolvency proceedings is currently not available, as 20 Minuten adds.
Meyer Burger Technology AG is not alone with its difficulties. In 2024, a total of 21,812 companies filed for bankruptcy in Germany, an increase of 22.4% compared to the previous year. This number shows a significant increase caused by various crises. Companies that have been on the market for several years are often particularly affected, which further places the challenges faced by Meyer Burger in the context of a general economic situation, as IFM Bonn notes.
In view of these developments, it remains to be seen how the situation will develop for Meyer Burger and its employees. The hope for a successful renovation and preservation of the locations is still intact, but the company faces considerable challenges.