Seat manufacturer Recaro Automotive files for bankruptcy
The seat manufacturer, Recaro Automotive, reportedly filed for bankruptcy on the past July 29.
According to the local media, Heise Online, almost 1,000 employees of the company were unaware of this latest development.
The news also shocked around 215 workers affiliated with the IG Metall union working at the Kircheim unter Teck factory, near Stuttgart, Germany.
IG Metall boss Alessandro Lieb informed the Süddeutsche Zeitung news outlet, “We were not informed about this step, and only became aware of this via the intranet.”
Recaro Automotive has been a seat supplier to various automotive companies like Aston Martin, Ford, Mitsubishi, Porsche, Volkswagen, and many more for several decades.
Not many may know, but Recaro actually started as an automotive coachbuilder named Reuterr Carosserie in 1906, supplying car body constructions to companies such as Porsche and Volkswagen.
The bankruptcy filing in the Esslingen District Court will allow Recaro’s operations to continue under the supervision of an administrator.
Currently, the bankruptcy filing only applies to Recaro Automotive, while other companies responsible for producing child car seats, aircraft seats, gaming chairs, and stadium seats are unaffected.
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