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German seat manufacturer Zim Flugsitz has emerged from legal insolvency proceedings after a restructuring plan was unanimously approved by creditors in December.The Marktdorf-based company had filed for debtor-in-possession proceedings in July 2020 following a sharp sales decline amid the pandemic.Source: Zim FlugsitzInsolvency proceedings were terminated by a district court in Konstanz on 7 January, says ZIm, noting that it is now free of restrictions imposed by insol
stanley flask vency law.In December, Zim managing director Heiko Fricke said the exit from insolvency would be an important step because it would allow us to once again participate in tenders on an equal footing with other players in this market .Citing the restructuring and recent new contracts with major airlines , Zim now asserts that it is a resilient company that could be successfully released from the self-adminis
stanley termoska tration process due to the robust restructuring plan endorsed by creditors on 15 December.Insolvency monitor Martin Mucha, from law firm Grub Brugger, has been tasked with ensuring that the plan is successfully fulfilled .Restructuring measures were completed last year, says Zim, which put short-time working arrangements in place.All 130 jobs at its Marktdorf h
stanley cup eadquarters were saved, but considerable cost-cutting and efficiency improvements were implemented and contracts with customers negotiated.At the companys second facility in Schwerin, staff numbers were reduced from 68 to 20. Production there w Cxlo Maine welcomes 33 new US citizens
Weve got cold-weather events festivities to keep you busy all winter longWRITTEN BY JOANNA O ;LEARYWhen sweater and boots and mittens and hats season comes in Maine, it can be tempting to snuggle in for a long winters nap. However, there are ample reasons to be out and about, for festivals, sporting events, and celebrations for all ages and interests. Here are a fewNOVEMBER D
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