Gerhardi Kunststofftechnik GmbH from Lüdenscheid has run into financial difficulties. The automotive supplier has filed for insolvency at the Hagen district court. This emerges from an announcement on the insolvency notices.de portal. The lawyer Jan-Philipp Hoos from the law firm White & Case was appointed as the provisional insolvency administrator. Other media had previously reported on it.
Gerhardi employs a total of 1,500 people. What will happen next for them is still unclear. The insolvency administrator could not initially be reached for a reaction.
Auto industry in crisis
The company is one of the largest developers and producers “for galvanized and technically sophisticated plastic parts” in Europe, as it says on its website. In addition to Lüdenscheid, Altena and Ibbenbüren, Gerhardi also has a location in Montgomery in the US state of Alabama. The company was founded in 1796. At that time the company produced buckles made of brass and copper.
The German auto industry is in crisis. At the car manufacturer Volkswagen There are wage cuts, factory closures and job cuts on the table. Other manufacturers and suppliers such as ZF, Continental and Bosch recently announced that they would cut jobs.