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Hess Plastics files for insolvency, 290 of 550 jobs at risk

The plastics specialist Hess Plastics from Neunkirchen im Siegerland has filed for insolvency. Because of weakness in the German auto industry, declining demand in China, and high energy and personnel costs, 290 of 550 jobs are in jeopardy. The provisional insolvency administrator sees rescue by an investor as the only long-term prospect. » More on t-online.de