Overview
- A Dresden court approved the self-administration filing and named attorney Rüdiger Bauch of Schultze & Braun as provisional custodian.
- Restructuring specialist Dirk Eichelbaum of dhmp Restrukturierung is serving as general representative to support the process.
- Employee wages for December, January, and February are secured through insolvency pay, and customers are to be supplied as usual.
- The Bautzen-based paper-cutting equipment maker employs 86 people and says other Baumann Group companies are unaffected.
- Talks with potential investors are underway to align proposals with a strategic realignment, with outcomes still to be determined.