http://www.freiepresse.de/NACHRICHTEN/W ... 090044.php
A google translate of the item
MZ applies for bankruptcy
Managing Wimmer wants to save jobs with recovery plan
Zschopau (DAPD-lsc). Motorwerke Zschopau GmbH have applied for bankruptcy. As the company announced on Thursday, on Friday a request, and a restoration plan
in Chemnitz District Court was filed. "MZ would have to bridge a financing gap requires a loan, which was agreed in principle already," said CEO Martin Wimmer. However, the company failed to submit some documents on time, which is why the promise was broken.
Wimmer said he was confident they could save a lot of jobs in the traditional two-wheeler manufacturer, should the district court approve the reorganization plan. Currently 49 employees are employed by MZ.