Type
Bankruptcy
Country
Germany
Region
Nordrhein-Westfalen; Arnsberg; Ennepe-Ruhr-Kreis
Location of affected unit(s)
Witten
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Electrical Equipment
27 - Manufacture of electrical equipment

400 jobs
Number of planned job losses
Job loss
Announcement Date
27 June 2005
Employment effect (start)
1 August 2005
Foreseen end date
30 September 2005

Description

Vogt electronic, a producer of electronic components, has filed for insolvency after experiencing a 50% drop in its turnover. The company lost a major client. Vogt electronic's mother company will not take over the incurred losses. It is unlikely that the company can be saved.


Sources

Citation

Eurofound (2005), Vogt electronic Witten, Bankruptcy in Germany, factsheet number 61995, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61995.