Overview

• Local reports say the Gifhorn district court approved the insolvency filing last week.
• The company is using self-administration under a court-appointed trustee with support from external restructuring experts.
• Management states all 40 locations will continue trading with the usual product range.
• Staff have been briefed, with wages temporarily covered by insolvency benefits, though reported headcounts conflict.
• Leifert cites a weak economy, elevated energy expenses and higher raw material costs as reasons for the move.