Touratech insolvency

Touratech AG, the specialist for motorcycle accessories and with around 400 employees the largest employer in Niedereschach, has filed for insolvency. This was announced by Ingo Schorlemmer, press officer of the law firm Schultze and Braun, in a press release. Dirk Pehl was appointed as temporary insolvency administrator. However, business operations are to be continued unchanged.According to the press release on Friday, the company’s employees were informed by the provisional insolvency administrator as well as by the Executive Board about the insolvency and current status at a company meeting. Wages and salaries were paid. Dirk Pehl will use the phase of provisional insolvency to gain an overview of the economic situation of the company and to examine restructuring options.“Touratech has already devised initial principles for a renovation concept with its consultants before the application for insolvency,“ says Pehl after an initial survey. „The first thing we need to do is to implement the restructuring that has begun and to develop opportunities to put the company on a healthy financial and economic footing so as to preserve the location and jobs as much as possible,“ said the insolvency administrator.;art372527,9369840