Overview

• The Remscheid-based company submitted its petition to the Wuppertal district court.
• Management states production and deliveries will continue without restrictions during the process.
• About 500 employees are affected across sites in Remscheid, Duisburg and Penzberg.
• Attorney Jan Groß has been appointed general representative, with Jens Schmidt named preliminary trustee.
• It remains undecided whether Winning BLW Management GmbH, with roughly 400 employees, will also file for insolvency.