West Europe
Germany· NördlingenVarta AG Files for Insolvency in Germany
The traditional German battery manufacturer Varta AG has filed for four insolvency applications, facing potential breakup and impacting its 4,000 employees worldwide.
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German battery maker Varta AG files for insolvency
First report 6h agoLast update 4h ago1 takes 1
reporting insolvency and causesneutralShow 2 posts
started 6h ago•Last update 4h ago
Geobits report Varta AG's insolvency filing, attributing it to shareholders' refusal of new capital and Apple's shift to Chinese suppliers, leading to job losses.
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