Parts of battery manufacturer Varta enter insolvency proceedings
TL;DR
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Insolvency proceedings have been opened for four companies of battery manufacturer Varta, including VARTA AG and VARTA Microbattery GmbH, affecting around 2,300 employees. The VARTA Microbattery factory in Nördlingen will close, resulting in approximately 350 job losses as its main customer, Apple, will source button cells from China.
Source: tagesschau.de
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