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Saxony's Minister of Economic Affairs Martin Dulig called the sale good news for employees and their families. "We strongly believe in the competitiveness of the new holding, and the strategic reorientation will create profitable businesses that are well adapted to the evolution of the automotive sector."
The signature ends a labor dispute of more than six months. After a dispute between the Prevent subsidiary and VW, the Bosnian parent company announced in early June the closure of the Leipzig plant in March 2019. It was only Wednesday that 228 employees from Saarbrücken received their notification. The portfolio of One Square Advisors includes Neue Halberg Guss, Solar World and Beate Uhse.
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