No wages for BBS employees – threat of insolvency

BBS Autotechnik GmbH may be the proud new owner of the Superior Industries plant in Werdohl, Germany, but the company is grappling with issues of its own. After been unable to market its wheels or generate revenue for many months due to a trademark dispute, it appears that the 240 employees at the BBS plant in Schiltach, also in Germany, have not received their wages for May and June. Local media sources report that the plant’s works council has issued an ultimatum to the management team and the new owner to pay the outstanding wages by tomorrow. Failure to do so may prompt another insolvency filing.