Recently, German car and aircraft seat maker Recaro Automotive filed for bankruptcy, and now it looks like another company will follow suit. According to the latest information, BBS Autotechnik will file for bankruptcy for the fifth time in 20 years.

BBS is currently going through a difficult situation which, according to their statements, is caused by Italian and Chinese competition. BBS changed owners several times, and they tried to change the strategy and management to expand the products, but the results were not as expected. Meanwhile, the company has been split in two, with the main company now owned by KW Automotive, a German car suspension company. But now the future of BBS Autotechnik is uncertain, and it could also mean the final end.

When it comes to Recaro, the bankruptcy decision came as a surprise to the employees and the IG Metall union. “It is not yet known what this means for the 215 employees of Recaro Automotive GmbH in Kirchheim. We expect that all options will be used to secure jobs and find a sustainable solution,” the union said.

The workers are disappointed because they previously agreed to delay the salary in order to keep the company economically stable. It should also be noted that the decision does not apply to the production of airplane seats, office and gaming chairs, and baby seats.

Source: Automobilwoche