Varta Runs Out of Battery After 139 Years: Not Even 300 Million Public Has Managed to Prevent Its Fall
4 Articles
4 Articles
The mythical battery manufacturer declares bankruptcy for not being able to compete with China and threatens to sink the region hosting its headquarters
The 139-year-old German battery maker entered insolvency proceedings in July and now faces the planned closure of its Nördlingen plant in October, which will affect around 350 jobs.
0 Varta, one of the historical names of the German battery industry, has gone into insolvency after 139 years since its inception.The loss of a key customer, Chinese pressure and failed restructuring have left its future in the hands of creditors and potential buyers.One of the brands that best symbolized Europe's ambition to preserve a battery industry of its own has just suffered a blow that a few years ago seemed difficult to imagine. Varta h…
Varta goes bankrupt after 139 years: a thousand jobs in the air in Ellwangen and 350 layoffs in Nördlingen as Apple leaves. La entrada Varta goes bankrupt after 139 years: the historic German battery manufacturer goes out aparece primero en Merca2.
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