Insolvency drama in Hildburghausen: 165 jobs at Autohaus Staffel in danger!

Insolvency drama in Hildburghausen: 165 jobs at Autohaus Staffel in danger!

Hildburghausen, Deutschland - A dramatic turn for the car dealership season group from Hildburghausen! On October 28, the Meiningen district court ordered the provisional insolvency administration about the five companies in the group of companies. The renowned lawyers of Pluta Rechtsanwalts GmbH and FRH lawyers were deployed as insolvency administrators, while business operations continue at all seven locations. But what does that mean for the 165 employees who worry about their jobs?

The Autohaus Staffel Group, which is active in Thuringia and Bavaria, offers vehicles from the Opel, Ford and Mitsubishi brands. The wages of the employees are secured by the bankruptcy money by the end of December. The insolvency administrators have already stated that they check various renovation options to save the car dealerships. Managing Director Manfred Staffel commented and emphasized that the company had never faced such a challenging situation since its foundation in 1990.

Causes of bankruptcy: purchase and liquidity bottlenecks

The causes of bankruptcy are alarming: liquidity bottlenecks due to falling sales that are due to the current recession in Germany and a noticeable purchase retention in new and used cars. The difficult framework conditions in the automotive industry tighten the situation. "We hope that a rescue of our group will succeed together with the insolvency administrators," continued season.

The insolvency administrators are already working intensively to have discussions with suppliers, car manufacturers and financing partners in order to ensure the continuation of the business operations. The coming weeks will be decisive to analyze all sorts of renovation strategies and to design the future of the Staffel Group. The employees concerned and the entire industry keep their breath - will there be a rescue?