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Germany: StandBy files for insolvency

24 April 2013

The German staffing company, StandBy GmBH, has filed for the commencement of insolvency proceedings at the district court. In a press release the Bremen based company highlighted the decline in seasonal jobs and bad debts as reasons for their economic difficulties.

Founded in 2004, StandBy GmbH has branches in Achim, Bremen and in Schloss Holte-Stukenbrock near Bielefeld. It employs 130 people, provides skilled and unskilled labour mainly in the commercial sector. Its customers include companies in engineering, logistics and the automotive industry.

Jörg Müller, Managing Director of StandBy GmbH, said in a press release, “the long winter has put the staffing industry under pressure. We understand the bankruptcy as an opportunity to re-establish the company in the market and thus can provide new perspectives to the employees.”

The insolvency administrator Christian Wilmer added: "In the next few weeks we will be working together with the management at full speed on a viable restructuring plan for the company. We know about the interest of potential investors and these talks we will intensify now."

The company is outside Staffing Industry Analysts’ list of the top 50 companies in Germany, which will be released later this month. 

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