The de-industrialisation of 🇩🇪 Germany - Part 5

The de-industrialisation of Germany 🇩🇪 - Part 6.

🔹Eisenwerk Erla, the oldest traditional co. in Saxony, files for bankruptcy after more than 600 years of existence. The co. was first mentioned in a document in 1380 under the name "Hammer in der Erl". Eisenwerk Erla plays a role in Germany's automotive & metallurgy ⚒ sector.

🔹Teusser Mineralbrunnen Karl Rössle GmbH, a mineral water💧manufacturer/bottler, has filed for bankruptcy after 130 years in operation.

🔹The Offenbacher traditional co. Alfred Clouth Lackfabrik GmbH, founded in 1917, now insolvent. The co. is known for its long history for wood 🪤 treatment & interior design.

🔹The Memmingen Brauerei GmbH of Bavaria has is bankrupt after 120 years of brewery 🍻operations.

🔹Feb. '23 monthly bankruptcies increased 📈 10.8% compared to Jan. '23. German local courts reported 14,590 insolvency proceedings for 2022, up 4.3% from 2021.

Previous parts on the de-industrialisation of Germany 🇩🇪:

💠 Part 5 - Feb. '23 - Co.'s operating for over a century goes insolvent.

💠 Part 4 - Jan. '23 starts with a slew of bankruptcies of co.'s in operation for over 100 years.

💠 Part 3 - Nov. '22 - CEO of the Federation of German Industries 🏭 said 1 in 4 German co.'s is considering moving production to other countries.

💠 Part 2 - Nov. '22 - Major department store chain & other co.'s file for bankruptcy.

💠 Part 1 - Oct. '22 - Manufacturers after existing for over 100 years shut down.

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