The search for investors for parts of the insolvent Ziegler Group, based in Pl\u00f6\u00dfberg in the Tirschenreuth district, is apparently close to the first conclusions. This is evident from an internal letter from the provisional insolvency administrator Volker B\u00f6hm to employees, which is available to BR.<\/p>\n
Insolvency administrator: Negotiations with interested parties are underway<\/strong><\/p>\n According to the letter, negotiations with interested parties are already well advanced: the aim is to be able to sign concrete contracts in the second half of January. If neither creditors nor antitrust supervisors raise any objections, the first successful sales are expected by the end of the month. This applies primarily to the wood division, but also to other parts of the company. In December there was talk that the first offers would be submitted in January, which is now underway , and that solutions could then be worked out in the first quarter.<\/p>\n Sawmill operation is currently suspended<\/strong><\/p>\n Ziegler has recently been supplied with logs again, which are filling the material warehouses for the time being. However, a resumption of sawmill operations may only be possible once negotiations with investors have been concluded, according to a spokesman for the provisional insolvency administrator.<\/p>\n Insolvency benefit expires<\/strong><\/p>\n The letter also reassures the approximately 3,000 Ziegler employees regarding the insolvency benefits that expire at the end of January: For those affected, for whose subsidiaries no solution has been found by February 1st, this does not mean an immediate loss of their jobs. As things stand, many of these companies can also continue to operate.<\/p>\n Holding and subsidiaries affected by insolvency<\/strong><\/p>\n At the end of November 2024, the parent company \"Ziegler Holding\" had to file for insolvency . As a result, more than half of the 40 or so Ziegler subsidiaries also had to go bankrupt. This affects around 2,000 of the total of around 3,000 Ziegler employees. The core and headquarters of the company is one of the largest sawmills in Europe in Pl\u00f6\u00dfberg in the Tirschenreuth district, where around 700 people work alone, according to the company.<\/p>","protected":false},"excerpt":{"rendered":" The search for investors for parts of the insolvent Ziegler Group, based in Pl\u00f6\u00dfberg in the Tirschenreuth district, is apparently close to the first conclusions. This is evident from an internal letter from the provisional insolvency administrator Volker B\u00f6hm to … Continue reading