The restructuring plan of GST Grinder GmbH was positively evaluated by the court at the end of November. The company will now be handed back to self-management.
After GST Grinder GmbH, based in Sierndorf in Lower Austria, which specializes in the production of cylindrical grinding machines, slid into insolvency in the summer, employees and customers can now look positively into the future. According to a press release, high-priced orders were placed with GST by customers such as Magna and Tyrolit at the beginning of the restructuring process. In this situation, these are by no means self-evident decisions of international corporations.
Despite the European economic situation, GST Grinder GmbH wants to quickly adapt to the current situation. As communicated, the flexibility of the company allows a rapid adjustment of the products to the transformation of the automotive industry and to new markets.
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