Werkzeugbau Laichingen GmbH Files for Insolvency, Leaving 100 Jobs at Risk
Werkzeugbau Laichingen GmbH has filed for insolvency, leaving around 100 employees and ten apprentices without jobs. The company, which faced declining demand and increased costs, could not find a permanent solution despite the insolvency administrator's efforts. However, a transfer company has been established to support the dismissed employees and apprentices.
The insolvency administrator, Martin Mucha, was unable to secure the company's future despite searching for investors. The company's financial struggles stemmed from expiring orders and a worsening economic situation, leading to its bankruptcy filing on July 15, 2025.
To soften the blow, a transfer company will commence operations on October 1, 2025. It will provide dismissed employees with transfer short-time work allowance, counseling, further training, and job search assistance. The ten apprentices, meanwhile, will be taken up by new companies in the region, allowing them to complete their training. These new companies are currently being sought to ensure the apprentices' training can continue smoothly.
The insolvency proceedings will result in the shutdown of Werkzeugbau Laichingen GmbH. While this is disappointing news for the employees and apprentices, the establishment of the transfer company offers some support and hope for the future. The company's new initiative aims to mitigate the consequences of the dismissals and help those affected find new opportunities.
