Automotive supplier heinze group files for insolvency: 730 employees affected

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Air berlin, schlecker, germania – major german companies that have had to file for insolvency in recent years. But what does that actually mean? and who receives the remaining assets of the company? T-online clarifies. (source: t-online)

company bankruptcies are affecting more and more german companies: t-online explains when a company is insolvent and who gets the company’s remaining assets. (source: t-online.De)

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Bad news for the employees of the heinze group: the car supplier from herford is insolvent. The reason: porsche, BMW and co. cut back their production.

These companies face bankruptcy in the corona crisis

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Nobiskrug: The insolvent traditional Rendsburg shipyard Nobiskrug was taken over by Flensburger Schiffbau-Gesellschaft (FSG) in July 2021 - and is thus saved. Nearly all 300 jobs have been preserved, it was reported. Nobiskrug had filed for insolvency in April this year. Among other things, the shipyard built the 'SY A' (pictured), which is considered one of the largest luxury yachts in the world. (Source: imago images/Peter Seyfferth)

Galeria Karstadt Kaufhof: The department store chain had filed for protective shield proceedings in self-administration at the beginning of April 2020. In the course of the restructuring, more than 40 stores had to close. In the future, the group wants to appear with a new logo under the name Galeria. It is to be used for the first time at the end of October. (Source: imago images/Gottfried Czepluch)

Maredo: The steakhouse chain, founded in 1973 and already under pressure before the Corona pandemic, had filed for insolvency in March 2020. Initially, some of the 35 restaurants were closed and the employees working there were laid off. Then in January 2021 came the end for the remaining 22 eateries. In July 2021 it became known: An investor bought the Maredo brand rights - and wants to open restaurants under the name again. (Source: imago images/Sven Simon)

Mister Minit: The shoe repair and service provider Mister Minit has ceased operations in Germany. The buyer of the business, which was restructured in insolvency proceedings under self-administration, surprisingly withdrew from the purchase agreement, according to the responsible restructuring expert at the beginning of March 2021. Now all stores in Germany will be closed. (Source: imago images/Ralph Peters)

Appelrath Cupper: The women's fashion chain store, which was rocked by the Corona crisis, has been saved. The company, founded in 1882, has completed insolvency proceedings in self-administration by the end of 2020. All 16 stores will continue to operate. The vast majority of the 900 jobs will also be retained, the company said in a statement. The new owner of Appelrath Cupper is Austrian textile retailer Peter Graf. (Source: imago images/Revierfoto)

Klier: The collapse in sales during the Corona crisis pushed Germany's largest hair salon chain Klier into insolvency at the end of 2020. In April 2021, creditors approved the insolvency plan, and a total of 850 salons and stores with around 6,400 employees will be retained. At the start of the insolvency proceedings in December, the group said it had around 1,350 salons and stores in Germany with around 8,500 employees. Brands such as Essanelle and Super Cut also belong to Klier. (Source: imago images/Rene Traut)

Kathe Wohlfahrt: one of the best-known manufacturers and retailers of Christmas decorations in Germany filed for protective shield proceedings in mid-December 2020 due to economic difficulties. The reason: the cancelled Christmas markets. Then, at the beginning of March, the relieving news: the creditors almost unanimously approved the insolvency plan, as the administrator announced. This cleared the way for the continuation of business operations. (Source: imago images/Stefan Zeitz)

photo series with 13 images

The automotive supplier heinze, headquartered in herford, Germany, had to file for insolvency. This was reported by several media with reference to the group of companies.

As reported by the "westfalen-blatt quoting managing director jorg tilmes, the heinze group ran into financial problems because of a sudden halt in orders from car companies. Because costs continue to run. Among other things, the company produces parts for interior trim, such as trim strips or loudspeaker grilles, and supplies companies such as porsche, BMW and mercedes.

"carmakers no longer produce because they can no longer get semiconductors. So they don’t need any more plastic parts, either", tilmes explains to the newspaper. the group has been complaining about a shortage of microchips for months – and has therefore had to temporarily shut down production.

730 employees affected

The group, which consists of 24 individual companies, employs around 1,000 people.100 employees worldwide, 900 of them in germany. The insolvency affects 730 employees of the company. Three subsidiaries did not have to file for insolvency, the report says. according to media reports, you were already informed of the insolvency on friday afternoon.

heinze includes, among others, krallmann gmbh in hiddenhausen, hero galvanotechnik gmbh in bad salzuflen or linden gmbh in herford. According to the company’s website, the company also manufactures sanitary products and parts for cell phones in addition to car parts.

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the heinze group has been in existence for around 85 years and has an annual turnover of more than 100 million euros.

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