Business · Companies · 8 hrs ago

Mercedes-Benz supplier Aios files for insolvency, putting 300 jobs at risk

Mercedes-Benz supplier Aios files for insolvency, putting 300 jobs at risk

Aios has filed for insolvency under self-administration, a process that lets the company manage its restructuring.

The Saarland-based supplier makes interior components for Mercedes-Benz vehicles.

Around 300 employees at three sites are at risk, including about 240 at the company’s main site in Überherrn-Altforweiler, with others in Bremen and Sindelfingen.

The move comes amid a wider crisis in Germany’s car industry.

IG Metall had warned of insolvency in June and called for an agreement to protect workers; it also called a warning strike in September.

The union says management has not presented a plan for the company’s future, while management previously denied refusing talks over a social agreement.

IG Metall will discuss next steps with its members on Saturday, and further strikes have not been ruled out.

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