Tesla-Subsidiary takes over parts of Manz: 300 jobs secured

The insolvency of the Swabian engineering company Manz has been officially opened - and at the same time brings good prospects for the majority of employees. Tesla Automation is not only taking over central systems, but also around 300 jobs in Reutlingen.

Background to the insolvency proceedings
Manz filed for insolvency at the end of last year because expected sales from the electromobility sector did not materialize as hoped. The company was recently in the red and is now being gradually wound up. Former shareholders are unlikely to receive any compensation.

Significance of the takeover for employees
The takeover by Tesla's subsidiary is a ray of hope for around 300 Manz employees: They will receive a new job in the special machine construction division and become part of a globally active electromobility group. A further 100 employees will be transferred to a transfer company in order to minimize the impact of the job losses.

Tesla Automation expands in Reutlingen
The new location in Reutlingen strengthens Tesla its presence in Germany. The company will benefit from the expertise and production capacities that Manz has built up over the years. At the same time, the location will retain important expertise in mechanical engineering, production technologies and systems engineering.

Conclusion
The takeover of central parts of Manz by Tesla combines expertise in mechanical engineering with the innovative strength of the electric car pioneer. For the majority of Manz's workforce, this means a professional future in one of the world's leading electromobility companies - a clear signal of how important industrial competencies can be repositioned in Germany.