Voit Automotive in St. Ingbert: 20% staff reduction after filing for bankruptcy!

Voit Automotive in St. Ingbert: 20% staff reduction after filing for bankruptcy!

The situation at the St. Ingbert-based automotive supplier Voit Automotive remains tense. After the company filed for bankruptcy, employees continue to face great uncertainty. A company meeting took place on July 10th, which had to be postponed for a week due to the hot temperatures. The meeting served to inform the workforce about the current situation and the next steps. Drastic measures had already been announced in April, indicating a significantly worsened economic situation.

The workforce reductions will take place in two phases. The workforce, which originally consisted of 920 employees, is expected to be reduced to around 740 by the end of April. This reduction of around 20% of the workforce is not only due to operational dismissals, but also through voluntary dismissals and retirements. Around 140 employees who are able to work receive an offer to move to a transfer company in order to bridge the transition period.

Background to the bankruptcy

Voit Automotive recently suffered a failed takeover by a Chinese company, which further increased its financial pressure. The uncertain order situation and the unstable development in the automotive industry are further factors that have led to this difficult situation. In addition, the rising tariffs in the USA are having a negative impact on the company, which increases the pressure to act.

The employees who move to the transfer company can expect a term of four to twelve months. Depending on their length of service, they receive transfer short-time work allowance, which is increased to up to 80% of their previous net salary. For employees with dependent children, this support increases to 87% of their last net salary. Information sessions are planned for all affected employees to explain the important details of the transition to the transfer company.

The future of Voit Automotive remains uncertain, and it remains to be seen how the current challenges will affect the workforce and the company's economic situation in the long term. The upcoming decisions and measures will be crucial in order to achieve stabilization and create possible prospects for employees.

For further information on the situation reported Saarbrücken newspaper about the developments during Machinery market provides additional details on the personnel measures.