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German manufacturing insolvency trends

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2026-10-21 03:44 UTC → 2026-10-22 04:48 UTC · added ~~removed~~

Several long-standing German manufacturing companies have filed for insolvency due to economic pressures. Windmann Glas GmbH & Co. KG, a family-owned glass finishing specialist based in Herford, filed for insolvency citing liquidity difficulties caused by a weak economy, reduced investment, and rising energy costs. While operations continue, employee wages are secured through insolvency benefits until late November 2026. ~~Vollmer,~~ Vollmer Werke Maschinenfabrik GmbH, a machine manufacturer based in ~~Biberach, also~~ Biberach an der Riß, has filed for insolvency proceedings under self-administration at the Ravensburg District Court. The ~~company~~ company, which specializes in sharpening, grinding, and laser processing machines, reported that economic difficulties, rising costs, and supply chain issues have persisted for several years. ~~Additionally, the~~ The loss of ~~business in Russia~~ the Russian market following the war in Ukraine, which previously represented roughly ten percent of revenue, ~~served as~~ was a significant factor. ~~Vollmer~~ The filing affects approximately 450 employees at the main headquarters, though the group employs around 1,200 people globally. Management intends to ~~pursue restructuring through~~ use self-administration to ~~maintain operations.~~ stabilize the company and realign it for the future. While the business is reportedly fully funded for the next six months, wages for the first three months will be covered by insolvency benefits from the Federal Employment Agency. Operations are expected to continue without interruption under the support of restructuring expert Dr. Holger Leichtle.

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