The rescue of the textile company Curt Bauer from Aue-Bad Schlema in the Ore Mountains has failed. Despite intensive efforts, it has not been possible to find a suitable investor, insolvency administrator Rüdiger Bauch announced. Production will be shut down by the end of July and business operations will cease. The approximately 90 employees will be made redundant.
Curt Bauer manufactures table and bed linen, clothing damask and technical textiles. The traditional company filed for insolvency last year. The search for an investor then began. According to the insolvency administrator, this ultimately failed for several reasons. It was not due to the commitment of the workforce.
The textile market in Germany has been in sharp decline for some time, explained Bauch. In the home textiles sector, Curt Bauer had felt the effects of consumers' reluctance to spend. Orders have also declined in the automotive sector. In addition, production in Germany is suffering from cost disadvantages compared to abroad, and there is a general reluctance among investors due to the crises in the world.
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