Layoff of 100 workers: Insolvent traditional company based in Baden-Württemberg
German Machine Builder Werkzeugbau Laichingen Enters Insolvency
In a significant blow to the region of Laichingen, Baden-Württemberg, machine builder Werkzeugbau Laichingen GmbH (WBL-Gruppe) has filed for insolvency at the Stuttgart Regional Court on July 15, 2025. The company, which has been in operation for over 130 years, primarily supplies tools and machines to the automotive industry.
The insolvency is attributed to declining orders and challenging financing conditions. Around 100 employees, including apprentices, are affected by the insolvency. However, until September 2025, the wages and salaries of the employees will be secured through insolvency benefits.
Industry experts have highlighted that suppliers are particularly hard hit by the ongoing crisis, with many automotive industry suppliers in Germany currently facing cost pressure, investment restraint, and low profit margins. The insolvency of Werkzeugbau Laichingen illustrates the depth of the crisis among German automotive suppliers.
IG Metall, the metalworkers' union in Germany, has pointed out that transformation and lack of earnings are pushing many companies in the industry to the brink of existence. The union's concerns are echoed by the insolvency of Werkzeugbau Laichingen.
Talks with customers, suppliers, and potential investors are underway to secure the company's continuation. An investor's entry seems likely as the company may not be able to emerge from insolvency on its own. The progress of these discussions and the restructuring efforts will determine the future of Werkzeugbau Laichingen.
As of the latest available information, Werkzeugbau Laichingen GmbH is undergoing insolvency proceedings, but there are no publicly available details on any specific restructuring or recovery efforts. The final outcome for the company is not yet decided and depends largely on investors and the progress of the restructuring. Further updates would likely come from official insolvency administrator announcements or company communications.
References: [1] "Job losses and company insolvencies in Germany: Werkzeugbau Laichingen GmbH" - [source_url]
