Everyone knows that a high-performance car has to have a sporty seat that matches. Most of the motorsports fans have grown up yearning for competition and also for the seats Recaro where we dreamed of sitting one day. However, what is probably the best-known company in the sector in this regard has declared bankruptcy and could be close to imminent closure if things do not change.
That the seats of your dreams are hanging in the balance is news that has surprised many. The firm based in Kirchheim unter Teck (Germany) has more than a century of lifeas its origins date back to 1906 when Wilhelm Reutter began manufacturing car bodies and interiors. However, he would later separate his activity and things would change. For a period it was owned by Porsche and then it even ventured into the car manufacturing activity. airplane seatswhich has been very lucrative.
In recent times, Recaro was sold to Johnson Controls in 2011, which would subsequently pass on rights to Recaro Automotive (the automotive part) to Raven Acquisitionsan American fund, just four years ago. That is why the bankruptcy situation is somewhat surprising. The German union IG Metall is in charge of the management and it seems that the Workers are very unhappyIn recent years, they had given up pay raises and benefits to help keep the company afloat.
Currently, 215 people work at the company’s headquarters and their future is unclear. The union wants to secure jobs and find a sustainable solution, but they are still in negotiations. It should be noted that the only division that has declared bankruptcy Recaro Automotive, which has a healthy business in its branches of aircraft seats, child restraint systems and office furniture. Ideally, some big manufacturer relaunch this company to ensure its continuity
