The restructuring of the insolvent textile finisher C.H. Müller in Vogtland is making progress, according to insolvency administrator Dirk Herzig. Following a reduction in staff, the wages and salaries of the now 240 employees can once again be generated from ongoing operations, Herzig informs. The company still had 279 employees when it filed for insolvency in April. "Our goal is still to save the company and the jobs, and we are well on the way to achieving this." There are talks about an investor joining the company. These could possibly be concluded in the course of the summer.
The long-established company was founded in 1868 and produces composite material made from plastic, real and artificial leather. It is used in cars, trains and airplanes, for example for seats and interior trim. Herzig emphasizes that development and production are continuing in full. However, the fact that suppliers have switched to prepayment is causing problems.
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