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Marktleugast / Stuttgart – Recaro Holding closes its subsidiary Recaro Child Safety, which employs around 120 people at its Marktleugast site in the Kulmbach district. This was announced by the Stuttgart-based Recaro Group on Monday. It justified its decision by "the maintenance of negative sales and the development of the profits of the company". A spokesman for the company said, at the request of our newspaper, that the market for child seats and baby carriages is a "very aggressive competition". The difficult situation increased again in the first quarter. Recaro has taken significant steps to reduce costs and improve its market position. Ralf Kindermann, managing director of Recaro Child Safety, said: "The decision is bitter, but inevitable because of the situation of continued loss.Make all possible so that the cessation of operations is fair and orderly and in this regard, have the full support of Recaro Holding. "Approximately 190 Recaro Child Safety employees are badigned worldwide. The company founded a transfer company with the support of the holding company. Recaro does not have a business committee in Marktleugast, as our article IG Metall has learned. The company will be shut down by July 31 this year, orders will be processed normally, said Recaro.
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