Insolvency of Thuringia Enterprise

Thuringia Enterprise files for insolvency

The Erfurt district court opened insolvency proceedings for Thuringia Enterprise on Tuesday. This was announced by the district court on Tuesday. The reason for the insolvency is the company's high level of debt. According to the district court, the liabilities amount to around 15 million euros. The assets are estimated at around 5 million euros.

Thuringia Enterprise is a mechanical engineering company based in Erfurt. The company was founded in 1990 and has around 100 employees. The company manufactures special machines and systems for the automotive industry.

Insolvency administrator appointed

The district court has appointed attorney Holger Schwall from Erfurt as insolvency administrator. Schwall is now responsible for managing the insolvency proceedings. He will examine the company's financial situation and try to find a solution for the creditors.

It is still unclear whether Thuringia Enterprise can be saved. The insolvency administrator will now have to examine the company's financial situation in detail. It is possible that the company will have to be liquidated.

Employees fear for their jobs

The employees of Thuringia Enterprise fear for their jobs. The insolvency proceedings could lead to the company having to lay off employees. The works council is currently in talks with the insolvency administrator about how to save jobs.

The insolvency of Thuringia Enterprise is a blow to the Erfurt business community. The company is one of the largest employers in the city. The insolvency proceedings could have a negative impact on the local economy.

Background information on Thuringia Enterprise

Thuringia Enterprise was founded in 1990 in Erfurt. The company manufactures special machines and systems for the automotive industry. The company has around 100 employees.

In recent years, Thuringia Enterprise has been struggling with financial problems. The company has been making losses for several years. The high level of debt is the reason for the insolvency.

The insolvency of Thuringia Enterprise is a blow to the Erfurt business community. The company is one of the largest employers in the city. The insolvency proceedings could have a negative impact on the local economy.