Aue is a small town in Germany at the outlet of the river Schwarzwasser into the river Zwickauer Mulde in the Ore Mountains, and has roughly 16,000 inhabitants. It was merged into the new town Aue-Bad Schlema in January 2019. From Wikipedia
The German textile manufacturer will wind down production by the end of July, with 90 employees losing their jobs, as no suitable investor was found during insolvency proceedings.