A restructuring plan has been agreed for the loss-making German glassware manufacturer Kristallglasfabrik Amberg GmbH with banks agreeing to write off loans, although no new capital will be provided. …
A restructuring plan has been agreed for the loss-making German glassware manufacturer Kristallglasfabrik Amberg GmbH with banks agreeing to write off loans, although no new capital will be provided. Manual production is to cease and a redundancy package has been worked out for the 112 employees in the division. 150 employees remain in the mechanical production division.