From the Freipresse in chemitiz Germany.
The background to this statement is that in june after the announcement that the MZ factory would close at the end of the year a taskforce was setup by Thomas Jurk the head of regional development for Saxony to find and vet potential purchasers for the MZ factory. To date that search has not yielded an agreement but still they say that they have a number of investors(2-5 depending upon the source) that may buy the business but the time now is too short to conclude the deal so the factory will close on december 31 2008 when the last of the subsidies from the regional development agency expire and no penalty will be made by the current owners hong leong industries. There is no statement in this about the continuation of parts supply for the existing MZ models but the people at Grahams who have a number of parts so the immediate future of parts for the MZ should be okay. Long term the company hong leong have stated they will announce how parts will be supplied for the future as required under EU law (7 years from last new sales I believe). Lastly please excuse the google translate version below.
Works expects closure - Jurk: Do companies have not abandoned
Zschopau. In the workforce of MZ waning hope: While the management remains optimistic until the end of the year but still find a buyer for the depressed motorcycle manufacturer in Hohndorf to find the council to Assembly this week the staff at the Ernst case yet. The occurs when the plant at year end closes its doors.
Already in July, the employees got their termination at year-end in the hand after the Malaysian Hong Leong Group had announced, MZ because of persistent losses to close or sell. "We appreciate the situation now, so that from 1 January no longer continue and the plant is closed," said council chief on Friday Steffen Dögnitz the "Free Press". For the takeover by a buyer that the time is now much too tight. "The majority of employees is keen that it continues. But we should now no longer simply wait," recommends Dögnitz colleagues to look for a new job browse.
The date until which the management takeover nor a solution in framework for people would see it with the 15th November already exceeded. MZ currently employs around 30 staff. Three have made the company, according Dögnitz meanwhile leave.
In the eyes of the council chairman, it remains undisputed that the management continue working on a solution to the continued existence of MZ saves. By the end of 2008 will certainly weiterverhandelt. Possibly even to enter into the new year, was reported on Friday from the boss upstairs. Even in Saxony Economics Minister Thomas Jurk (SPD) announced that on Friday against "Free Press" confident: "We have made the company has not yet abandoned." MZ negotiating further with serious investors, a spokeswoman confirmed the house. According to up to five still interested in the game. In the next few days or weeks, the Ministry expects a decision. In the summer had Jurk the rescue of the motorcycle factory boss thing to explain. Since deals in Dresden, a working group with finding investors.
MZ-director Steve Yap had distributors and service partners in June indicated that the company because of the persistent losses at 31 December closed will be. Until that time is running a binding deadline for funding from the Joint Task East from which the Freistaat to the motorcycle manufacturer has been. Had the Malaysian conglomerate that works before that date closed, would be punitive payments due.
Mike Baldauf
Released 21.11.2008