3 months ago
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Car spot shaper Recaro files for bankruptcy
Anyone who is an automotive enthusiast would person heard of Recaro - a shaper good known successful the country of automotive athletics seating.
One of the oldest names successful automotive seating, Recaro filed for bankruptcy successful a German tribunal connected Monday. The steadfast employs 215 workers astatine its mill successful Germany. The filing caught unit by surprise, who weren?t adjacent informed beforehand.
Trade unions pressed the firm?s absorption for much transparency. Recaro Automotive?s illness would look to person been a portion coming, arsenic the work reported that for years employees waived wage to payment the company?s economical stabilization.
While Recaro besides builds seats for craft and gaming, lone the automotive part is insolvent.
The car spot steadfast is successful stark opposition to the remainder of the group?s comparative stability, continuing nether the aforesaid enactment successful Stuttgart.
Whatever happens next, an automotive enthusiast instauration hangs successful the balance.
