Overview
- The company formally filed for insolvency and was placed in self-administration with a provisional trustee overseeing management since May 29.
- Production, spare-parts service and customer support are continuing for now and employees have been informed about the process.
- Wages for the roughly 140–150 staff are covered by insolvency pay through July 2026 while the firm seeks new funding.
- Management has appointed restructuring expert Dr. Jörg Grau to lead recovery efforts and says it is actively searching for investors to secure the business.
- Dammann blames a prolonged weakness in the agricultural-machinery market for sharply falling orders, a decline that could affect regional jobs and niche supply chains for agriculture, airports and municipal services.