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Canadian Buys NRW Automotive Supplier WKW, Cuts 500 Jobs and Cuts Salaries

Insolvency administrator has found a buyer for the WKW Group from Velbert. What the new owner plans and how IG Metall reacts to the deal.

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The future of the insolvent automotive supplier WKW is assured: insolvency administrator Joachim Exner has sold the German business operations of the WKW Group and three subsidiaries abroad to a strategic investor.

The future of the WKW Group was uncertain. Now the insolvency administrator has found a new owner. However, some of the employees are not taken over.

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Insolvency administrators have found buyers for the WKW Group from Velbert. What the new owner plans and how IG Metall reacts to the deal.

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Westdeutsche Allgemeine ZeitungWestdeutsche Allgemeine Zeitung

Insolvency administrator has found a buyer for the WKW Group from Velbert. What the new owner plans and how IG Metall reacts to the deal.

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Westdeutsche Allgemeine Zeitung broke the news in Essen, Germany on Friday, November 6, 2026.
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