König + Neurath AG, a century-old German office furniture manufacturer based in Karben, Hesse, has filed for self-administration insolvency at Frankfurt/Main District Court, affecting its 830 employees. The company will continue operations under trustees, aiming to restructure
© König + Neurath AG
The insolvency follows a severe industry-wide downturn since 2024, marked by postponed purchases and scarce new orders, which led to a liquidity crisis. König + Neurath produces office furniture and bespoke room solutions, operating a production facility in Karben and showrooms in Berlin, Munich, Amsterdam, London, Paris, and Vienna.
Company board members Steffen Schwerd and Rainer Raschke stated the process would streamline operations and optimise processes, leveraging the company's vertical integration, innovation, and workforce loyalty as competitive advantages. Immediate priorities include securing wages for the next three months and arranging future financing.
The company confirmed that production, service, and delivery will continue, and all existing material orders remain valid. However, the potential impact on jobs remains uncertain, as no decision has been disclosed regarding staff reductions. The insolvency highlights ongoing pressures in Germany's traditional office furniture market.
Source: www.bild.de
