German Ziegler Group files for insolvency

 The Ziegler Group holding company filed for insolvency at the Weiden District Court on Wednesday morning. Talks with potential investors and banks failed last week. The company, based in Plößberg, Germany, employs approximately 3,200 people across 34 locations, with 1,500 jobs in the Tirschenreuth district alone. Lawyer Volker Böhm has been appointed provisional insolvency administrator and aims to continue operations while exploring restructuring options. Stefan Ziegler, head of the Upper Palatinate-based Ziegler Group, remained confident about the company’s future despite challenges. With around 3,200 employees, the industry heavyweight faced a ...