Insolvency shock for TF Wickeltechnik: future of jobs in danger!

Insolvency shock for TF Wickeltechnik: future of jobs in danger!

TF Wickeltechnik GmbH fromNeue, Baden-Württemberg, has filed for bankruptcy. The application was submitted to the Pforzheim district court. Nevertheless, business operations continue without restrictions for the time being. The company, which was founded in 1992, specializes in customized machines for automating reel-to-reel processes and serves customers in 30 countries worldwide. Loud t-online.de Over 3,500 of the company's systems are in use, which underlines the company's importance to the industry.

The product portfolio of TF Wickeltechnik GmbH includes winding machines, tape storage, welding machines and box changers. The company's main customers come from various areas such as stamping shops, electroplating companies and wire and tube processing. Managing director Markus Weißenberger emphasizes that many customers are unable to place fewer orders due to the current economic crises, which is one of the main causes of insolvency.

Causes of bankruptcy

The reasons for the bankruptcy are complex and include the aftereffects of the corona pandemic, increased prices and geopolitical tensions. There is also a reluctance to invest in many industries. These developments have led to a decline in sales for customers, which has further exacerbated the situation for TF Wickeltechnik GmbH. How merkur.de reports, the company is experiencing similar challenges to many other mechanical engineering companies in Baden-Württemberg, which are also affected by a wave of insolvencies.

Provisional insolvency administrators are currently examining possible restructuring options and are working on reorganizing the company. A central goal is to preserve the 11 jobs. Wages and salaries are covered by the insolvency benefit regulation until the end of July. Managing director Weißenberger and insolvency administrator Tobias Hirte are convinced that the focus must be on maintaining employment and processing current and new customer orders.

However, the future of TF Wickeltechnik GmbH remains unclear. Despite ongoing recovery efforts, the economic situation could remain challenging.