Business · Companies · 13 hrs ago
German screw maker WSH Schumacher files for insolvency
WSH Schumacher has filed for insolvency in self-administration in Hilchenbach, in Germany’s Sauerland region.
Founded in 1906, the company makes screws and other technical fasteners for carmakers and household appliance manufacturers.
Lower demand, price competition and unexpected equipment failures are cited as reasons for its financial difficulties.
The insolvency affects all 176 employees at the company.
The business is still operating without restrictions, and its management team remains in place.
The aim is to reorganise the company and continue restructuring measures already under way.
WSH Schumacher, a German screw maker based in Hilchenbach, has applied for self-administered insolvency.
The company says lower demand, tougher price competition and unplanned equipment failures caused its financial difficulties.
The proceedings aim to restructure the business and continue measures already under way.
The company says production will continue without restrictions and there will be no immediate changes for customers or business partners.
The insolvency affects 176 jobs.
- Who
- WSH Schumacher, a screw and technical fastener maker based in Hilchenbach.
- What
- It applied for self-administered insolvency.
- When
- The report was published on 9 November 2026.
- Where
- Hilchenbach, in the Sauerland region of Germany; the application was received by the district court in Siegen.
- Why
- The company cited lower demand, tougher price competition and unplanned equipment failures.
This story does not have two clearly opposing sides.
WSH Schumacher was founded.
The company’s application for self-administered insolvency was reported as having been received by the district court in Siegen.
- Founded
- 1906
- Employees affected
- 176
- Headquarters and production site
- Hilchenbach
- Court receiving the application
- District court in Siegen
- Main customer sectors
- Household appliance makers and automotive companies