Schmauser in Schwabach: Oldest needle factory in the world bankrupt!

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The company survived revolutions and world wars. But then there was corona and the energy crisis. Schmauser Precision GmbH is insolvent.

Business Insider (Poland)

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It survived revolutions, wars, and yet the oldest needle factory operating in Bavaria ceases to exist. After 300 years of operation, the plant had to declare bankruptcy. It is not yet known what will happen to the more than 100 employees.

JUNGE FREIHEIT

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Schmauser Precision, founded in 1723, has survived two world wars and countless crises. After Corona, inflation and rising energy costs, it's now over. This article Oldest needle factory in the world after 300 years: traditional German company is bankrupt was published on JUNGE FREIHEIT.

reitschuster.de

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The world's oldest needle factory is bankrupt, KTM is in trouble, job cuts at Bosch and Thyssenkrupp: within a few days, shocking news hits the German economy. A country in free fall - where is the brake? The article 300 years of tradition, two world wars survived - but not the traffic light first appeared on reitschuster.de.