KEYSTONE
The German automotive supplier AE Group is shutting down operations for good. After a failed restructuring, around 700 employees will lose their jobs by the end of the year.
No time? blue News summarizes for you
- The AE Group in Thuringia is closing down for good after a failed restructuring.
- Around 700 employees will lose their jobs, but will receive support through a social plan.
- Key customers are financing a transfer company to help them make a fresh start.
The German automotive supplier AE Group is facing the final end. Following insolvency under self-administration and a failed restructuring, the company will…