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Insolvency shock in Offenau: KWO is fighting for the future of its employees!
KWO Kunststoffteile GmbH from Offenau files for bankruptcy, affected by Corona consequences and the automotive industry crisis, proceedings in Heilbronn.
Insolvency shock in Offenau: KWO is fighting for the future of its employees!
KWO Kunststoffteile GmbH, a company based in Offenau, Heilbronn district, Baden-Württemberg, filed an application to open insolvency proceedings under self-administration on May 2, 2025. This decision is the result of serious financial difficulties caused in particular by the long-term consequences of the corona pandemic and the ongoing crisis in the auto industry, such as Mercury reported.
Insolvency proceedings were opened on June 1, 2025, and KWO's workforce has been significantly reduced - from the original 180 to around 105 employees. This drastic measure is part of the necessary adjustments the company must make to survive the crisis. Managing directors Michael Jauss and Christian Preininger will remain at the helm of the company during the process and will be supported by administrator Steffen Zerkaulen.
Challenges and support measures
One of the biggest challenges for KWO is the repayment of government Corona aid, which was applied for during the pandemic but is now difficult to repay given the financial situation. chip shows that almost every second employee has to leave for economic reasons, which further worsens the situation for the remaining workers.
Despite these serious circumstances, Managing Director Jauss expressed his optimism for the future of the company. He sees opportunities to adapt to the changed market conditions and achieve a sustainable restructuring of the company. The company has already successfully survived bankruptcy between 2012 and 2014 and is now trying to set the course for a better future with a restructuring under self-management.
Future outlook and company vision
The employees' wages and salaries are covered by insolvency benefits for the months of June, July and August, which offers a certain degree of financial security for the affected employees. At the same time, KWO informs its customers and suppliers about the current situation in order to maintain trust in the company. It remains to be seen whether KWO's restructuring plans will bear fruit in the tense market situation in the automotive industry.
The company's development will be closely monitored over the next few months. Managing Director Jauss is ready to take the necessary steps to overcome the challenges and put KWO on a stable course.