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Insolvency shock in St. Georgen: 80 jobs lost at FES 360!
FES 360 in St. Georgen closes after bankruptcy; 80 employees affected. Cause: economic weakness in the automotive industry.
Insolvency shock in St. Georgen: 80 jobs lost at FES 360!
Another big chunk for the industry: FES 360 smart manufacturing GmbH from St. Georgen in Baden-Württemberg has reached the end of its journey. Insolvency administrator Dr. Dirk Pehl from the law firm Schultze & Braun has officially confirmed the company's closure on July 1, 2025. This means that 80 employees who have been employed by the company since 1974 as a manufacturer of precision metal and plastic products will lose their jobs. Loud Mercury The background to the insolvency is strongly linked to the ongoing problems in the automotive industry.
The insolvency was initiated after the proceedings were opened by the Villingen-Schwenningen district court on July 1, 2025. From this date, the company can no longer bear the full amount of personnel costs, which leads to the gradual release of employees. The insolvency procedure provides for controlled production in order to process the last orders and thus minimize financial damage. Those affected are offered support with career reorientation, but the prospects are bleak.
Automotive industry in crisis
The closure of FES 360 is another alarming sign in German industry and especially for automotive suppliers. Loud Leadersnet The automotive industry is under enormous pressure, which is reflected in an unabated rise in bankruptcies. In the first half of 2025, the highest number of corporate bankruptcies in a decade was registered in Germany: 11,900 cases, which corresponds to an increase of 9.4 percent compared to the previous year. High costs, dwindling liquidity and weak demand are compounding the problems, and German companies are battling high energy prices and more restrictive lending.
The automotive sector is particularly affected, where many companies are faced with the challenge of adapting to the shift to electromobility while at the same time orders are falling and there is excess capacity. This constant uncertainty is leading experts to expect further job cuts and factory closures. The FES 360 can also be classified in this series, which has developed a broad product portfolio over the years, which includes speedometer needles, hands for clocks and measuring devices as well as plastic injection molded parts.
The great wave of change
The economic landscape in Germany is facing upheaval. More and more companies are being forced to take drastic measures in order to survive. Another company, Dow, is planning closures at multiple locations by the end of 2027, which could result in the loss of about 550 jobs. Many of these closures are based on structural challenges and declining demand in key industries chip.
The fates of these companies are part of a larger picture that reflects dramatic change and uncertainty in the German economy. When baton sellers and automotive suppliers alike experience difficulties, it not only means a loss of jobs, but also a significant change in the industry.