The judicial administrator is cautiously optimistic about the future of the company
Reassuring news from Germany regarding the Touratech Bankruptcy: none of the 400 employees won’t be unemployed and the production continues, according to the latest information outlined in the German press.
“2016 was a very difficult year for us. No matter how hard we tried, we simply didn’t succeed in getting new production and commissioning it as we needed to be. We’ve had production downtime. We’ve had software problems in the beginning. This ultimately cost us so much time sales and production that we now can’t meet our financial obligations”, says Herbert Schwartz, creator of Touratech.
Under the advisement of Schultze & Braun, Touratech AG will be using the German bankruptcy rules to re-organize the assets and liabilities of the business to provide a stable foundation that will allow the company to continue serving the parts and accessories segment of adventure touring motorcycle market, according to blog.touratech.usa.