The process, known in German as Schutzschirmverfahren (SSV) literally translates to restructuring under protection of the insolvency laws.
This method permits management to restructure the business in an efficient manner, thereby increasing productivity and flexibility in the production process.
Reorganising in such a manner also allows for an increased stabilisation of the company, creating a higher degree of automation, adaptation of capacities to the reduced market demands, and further qualification of employees.
Igor Ferlan, Managing Director of Thielmann Ucon, said about the process, This way, we want to build on our strengths in the past lead times in line with the market, coupled with the highest quality standards for the benefi…
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