[Leica] AgfaPhoto filed for insolvency

[rangefinder at screengang.com (Didier Ludwig)]

>German media "Der Spiegel" is reporting that AgfaPhoto has filed for 
>insolvency due to running out of money:
>http://tinyurl.com/8sa9y


The article says it was not predictible that the suituation would go that 
bad in such a short time. The 1800 employees all over Germany have been 
informed by their management through an intranet announcement yesterday.

But production was still going on after this announcement, as, following to 
representatives of the worker's council, this is a basic condition to keep 
the working places. "We have been completely surprised by the announcement 
of the insolvency proceeding", their head Bernhard Dykstra said.

The court of Cologne has decided today to open a provisorily proceeding. 
870 of the 1800 employees are employed at the main factory in Leverkusen. 
Other production plants are in Vaihingen near Stuttgart, Windhagen, Munich 
und Peiting.

Belgian company Agfa Gevaert had sold the Film- and Fotopaper division last 
novembre to a US-german investement group which founded AgfaPhoto GmbH.

Didier