It was a bad news for the employees of Vöcklabrucker Metallgießerei GmbH: eleven days before Christmas, the subsidiary of KTM components GMBH was accelerated in bankruptcy. Now it is clear: it will continue! The aluminum processor has a new owner with the Mettec Guss. About 50 jobs are stored.
Ten days after the opening of the bankruptcy procedures for Vöcklabrucker Metallgießerei GmbH, mass manager Christoph Doppelbauer had closed the first business areas, and it was also known that the search for a buyer started.
In recent days it had already been spoken that the conversations are about to be completed. It has been clear since Monday afternoon: for the company in Vöcklabruck, which recently owned 100 percent of the KTM components GmbH, which has been insolvent since the end of November. The Mettec Guss Metallgießerei and Formenbau GmbH, based in Wels, have protected the company on the economic abyss and gives it a future.
“It is important for me to give well -trained people with their appropriate knowledge a good economic framework to reach large. Together we will set new standards in the industry, “says Karin Kirchschlager, who will take over the management of the traditional foundry from 1 March and had previously led the Mettec Guss in Wels together with her husband.
The 34 employees can stay, another 20 come from the AMS return
The acquisition saves around 50 jobs. Because Kirchschlager reveals that the existing 34 employees who are taken over “about 20 employees are also reduced from unemployment”. The existing customers can be stored, the production can be seamlessly continued under the new owner. “This is a considerable success for the region and the employees,” said Kirchschlager.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
