Textile industry - Insolvency administrator: Restructuring of C.H. Müller is making progress
The restructuring of insolvent textile processor C.H. Mueller in Vogtland is making progress, according to insolvency administrator Dirk Herzig. After a personnel reduction, the wages and salaries of the now approximately 240 employees could be generated again from the running business, Herzig informs. At the time of the insolvency application in April, the company still had 279 employees. "Our goal is still to save the company and the jobs, and we are making good progress." There are talks about the entry of an investor. These might still be concluded by the end of the summer.
The traditional company was founded in 1868 and produces composite materials from plastic, real and artificial leather. It is used in cars, trailers and aircraft, for example, for seats and interior coverings. The development and production is running in full swing, emphasizes Herzig. However, there are problems with suppliers switching to cash on delivery.
- Despite the positive developments in the Textile industry, the traditional company in Saxony's Vogtland region continues to face challenges with some suppliers opting for cash on delivery payments.
- The Textile industry in Saxony, notably the refurbished C.H. Mueller, is showing signs of recovery after overcoming insolvency, with the aid of a potential investor.
- Despite initial concerns, the Traditional company in Vogtland has managed to maintain a significant portion of its workforce, with approximately 240 employees still employed in the Textile industry.
- The Textile industry in the Vogtland region of Saxony, specifically the traditional company, has been undergoing a transformation, with insolvency administrator Dirk Herzig working towards saving the company and its jobs, even considering the possibility of an investor's entry.
