German Battery Maker Varta Files Insolvency Applications
28 Articles
28 Articles
The German battery and battery manufacturer Varta has filed the balance sheet. The company suffers in particular the breach of contract with Apple, which was one of its main customers. But one of the shareholders is planning to continue certain activities.
Varta is being smashed. For the main creditors, the industrial potential of the battery manufacturer is not important, it is about fast profits. But the former majority owner is responsible for the decline.
Important customers jump off, new customers are missing: The traditional Swabian company Varta is about to be destroyed. The jobs of hundreds of employees are at stake.
Another insolvency procedure begins for the battery manufacturer Varta. The company confirmed four insolvency applications. Now the destruction threatens.
EconomyFunders want to split up Varta: The business with household batteries should be removed from the Group. What is behind the change of course?
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