German printing machinery giant bankrupts into local job market

Munich-based German Bavarian Broadcasting Company reported on the 26th that Bavarian Minister of Economy Martin Zeil will attend a joint meeting of government and business representatives from Augsburg, Bavaria, to jointly discuss the measures. Zeil stated in a press communique issued by the Bavarian government on the 25th that the bankruptcy of German traditional enterprise Man Rowland is a heavy blow to many employees of the company and the city of Augsburg. He called on relevant parties, especially corporate shareholders, to assume corresponding responsibilities.

Xinhuanet.com, Munich, November 26 (Reporter Song Guocheng) The bankruptcy case of German world-renowned printing machinery manufacturer Mann Rolland Printing Machinery AG threatens thousands of jobs including the company’s 2,500 employees in the Augsburg branch. .

Munich-based German Bavarian Broadcasting Company reported on the 26th that Bavarian Minister of Economy Martin Zeil will attend a joint meeting of government and business representatives from Augsburg, Bavaria, to jointly discuss the measures. Zeil stated in a press communique issued by the Bavarian government on the 25th that the bankruptcy of German traditional enterprise Man Rowland is a heavy blow to many employees of the company and the city of Augsburg. He called on relevant parties, especially corporate shareholders, to assume corresponding responsibilities.

With more than 160 years of history, Mann Rolland Company suffered from a sharp decline in orders due to the impact of online media. The operation was unsustainable. It was announced on the 25th that it had submitted bankruptcy applications to the District Court of Augsburg. Headquartered in Offenbach am Main, Germany, Mann Roland employs 6,600 people and exports 80 percent of its products. According to local media, one-third of the world’s newspapers are printed by the company’s equipment.