Pantherwerke’s Insolvency; Receiver Intervenes

BIELEFELD, Germany – On April 1 Stefan Stollberg – the receiver for Pantherwerke AG that asked for insolvency on February 3 – opened the insolvency procedure. First thing he did was sending Pantherwerke’s workers home, but they were not laid off. Next to that he was surprised to see that work was done to restart production in a Pantherwerke building which is included in the insolvency proceedings.