2024-10-12 23:55:09
Business
Economy
Companies

Challenges Facing Traditional Industries Amidst Rising Insolvencies

The insolvency of Anhaltische Elektromotorenhersteller (AEM), a historic company employing 150 people, highlights the struggles facing traditional industries in Germany. Managing Director Reiner Storch is actively seeking new investors to navigate this crisis.

Current economic conditions are dire, with insolvencies at record levels, as noted by the Leibniz Institute for Economic Research. Experts warn of further increases due to factors such as weakened economic performance, customer payment issues, and rising energy costs.

The mood among entrepreneurs has deteriorated significantly, marking a concerning trend for the future of the German economy. As companies grapple with these challenges, the path to recovery remains uncertain.

Frankfurter Rundschau
12. Oktober 2024 um 13:21

Insolvency of a Traditional Company: 150 Employees Affected by Engine Manufacturer Bankruptcy

Economy
The traditional company Anhaltische Elektromotorenhersteller (AEM) has filed for insolvency; 150 employees are affected. Managing Director Reiner Storch is optimistic about finding new investors.
tz
12. Oktober 2024 um 12:47

Insolvency of a Traditional Company: 150 Employees Affected by Motor Manufacturer's Bankruptcy

Economy
Finance
The traditional company Anhaltische Elektromotorenhersteller (AEM), founded in 1872 as Bamag, has filed for insolvency; 150 employees are affected; the management is optimistic to find new investors; sales losses due to fewer orders from customers and suppliers; record high insolvency wave in Germany due to economic weakness, payment problems of customers, high energy and consumer prices, as well as bureaucracy and tax burdens.
CW

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