Particle.news
Download on the App Store

German Auto Supplier Winning BLW Files for Insolvency in Self-Administration

The company says the move follows a sharp revenue drop and is intended to enable restructuring.

Overview

  • Operations at sites in Remscheid, Duisburg and Penzberg are to continue, with wages secured via insolvency pay through the end of 2025.
  • Attorney Jan Groß has been named general representative and Jens Schmidt was appointed as preliminary trustee by the Wuppertal court.
  • About 500 employees are directly affected at Winning BLW GmbH, and local union officials report significant anxiety on factory floors.
  • It remains unclear whether the affiliated Winning BLW Management GmbH, which employs roughly 400 people, will also file for insolvency.
  • IG Metall is pressing for transparency, worker involvement and job safeguards, as local reports cite a costly relocation of the Penzberg plant as a contributing strain.