German automobile factories halt production entirely
In a shocking turn of events, the automotive supplier company, AE Group, has announced the closure of its plants in Gerstungen, Thuringia, and Nentershausen, Hesse, by the end of the year. This decision will affect approximately 650 employees, causing disruption in their daily work and an uncertain future.
The weak demand for aluminum castings, coupled with the economic pressure facing the entire automotive industry, has been cited as the primary reason for the closures. The situation remains tense for those affected, as they grapple with the potential loss of their jobs.
However, there is some relief for the affected employees, as a social plan has been agreed upon. This plan provides for continued wage payment for up to six months, offering a glimmer of hope during these challenging times.
The decision to close the plants was made by AE Group, who are exploring various options to navigate this difficult period. One such option is a potential change to a transfer company. Despite the failed attempts to find investors for a rescue, AE Group remains committed to finding a solution that minimises the impact on its employees.
The closure of the plants at AE Group serves as a stark reminder of the challenges facing the automotive industry. As the industry continues to evolve, it is crucial that support is provided to those most affected by these changes.
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