Metz Still in Business

Insolvency administrators handling German TV manufacturer Metz say that they have succeeded in keeping the business operating since Metz filed for insolvency last November (Metz Files for Insolvency).

A restructuring plan has been agreed which will see around 110 of the firm’s 540-strong employee base being offered alternative employment for six months while administrators and Metz executives work to find a new investor. Production, sales and service at Metz have continued since November 2014, though the company is still in debt. A bankruptcy court hearing is scheduled to take place in February but Metz remains confident that it will be able to secure a new investor.