GBAF Logo
Finance

Japanese auto supplier Musashi to close two plants in Germany, reports Wiwo

Published by Global Banking & Finance Review

Posted on June 30, 2025

1 min read

· Last updated: January 23, 2026

Add as preferred source on Google
Founders of The Entertainer toy chain hand over control to workers - Global Banking & Finance Review
Image depicting the founders of The Entertainer, Gary and Catherine Grant, announcing the transition of their toy retailer to employee ownership, emphasizing the significance of this move in the finance sector.
management employment opportunities corporate strategy
Global Banking & Finance Awards 2026 — Call for Entries

BERLIN (Reuters) -Japanese automotive supplier Musashi plans to close two plants in Germany and reduce its headcount at a third, German business news outlet WirtschaftsWoche reported on Monday, citing

Musashi to Shut Down Two German Plants and Cut Jobs at Another

BERLIN (Reuters) -Japanese automotive supplier Musashi plans to close two plants in Germany and reduce its headcount at a third, German business news outlet WirtschaftsWoche reported on Monday, citing company sources.

The firm will close the plants in the central German towns of Hannoversch Muenden and Leinefelde, while the plant in Luechow will operate with significantly fewer staff, the outlet reported.

Several hundred employees will be affected by the measure, it added.

(Writing by Miranda Murray, Editing by Rachel More)

Key Takeaways

  • Musashi plans to close two plants in Germany.
  • The closures will affect several hundred employees.
  • The plant in Luechow will see significant staff reductions.
  • WirtschaftsWoche reported the news citing company sources.
  • The affected plants are in Hannoversch Muenden and Leinefelde.

Frequently Asked Questions

Which plants is Musashi planning to close?
Musashi plans to close two plants located in Hannoversch Muenden and Leinefelde.
How many employees will be affected by the closures?
Several hundred employees will be affected by the measure, as reported.
What will happen to the plant in Luechow?
The plant in Luechow will continue to operate but with significantly fewer staff.

Tags

Related Articles

Image for Trump says he speaks with Putin and Zelenskiy -Fox News

Trump says he speaks with Putin and Zelenskiy -Fox News

Image for Trump tells Fox News Iran can call US if it wants to negotiate

Trump tells Fox News Iran can call US if it wants to negotiate

Image for Australia's Wong to visit Japan, China, South Korea to discuss energy security

Australia's Wong to visit Japan, China, South Korea to discuss energy security

Image for Hungary's Magyar to meet EU's von der ​Leyen for talks on EU funds this week

Hungary's Magyar to meet EU's von der ​Leyen for talks on EU funds this week

Image for Switzerland angers Italy by claiming costs of treating Crans-Montana fire victims

Switzerland angers Italy by claiming costs of treating Crans-Montana fire victims

Image for Russian defence minister visits North Korea

Russian defence minister visits North Korea

More from Finance

Explore more articles in the Finance category

Image for Fertiliser plant in Russia's Vologda region damaged in Ukrainian drone attack, governor says
Fertiliser plant in Russia's Vologda region damaged in Ukrainian drone attack, governor says
Image for Close Brothers will not take legal action against Britain's car finance redress scheme, Sky News reports
Close Brothers will not take legal action against Britain's car finance redress scheme, Sky News reports
Image for Germany's far-right AfD rises to record 28%, INSA poll shows
Germany's far-right AfD rises to record 28%, INSA poll shows
Image for German government suspects Russia of Signal attack targeting politicians, sources say
German government suspects Russia of Signal attack targeting politicians, sources say
Image for Romania finds parts of second drone after overnight Russian attack on Ukraine
Romania finds parts of second drone after overnight Russian attack on Ukraine
Image for China condemns EU's inclusion of Chinese entities in sanctions package against Russia
China condemns EU's inclusion of Chinese entities in sanctions package against Russia
Image for Russian parliament speaker in North Korea to mark Pyongyang's troop deployment in Ukraine war
Russian parliament speaker in North Korea to mark Pyongyang's troop deployment in Ukraine war
Image for Macron reaffirms efforts to reopen Strait of Hormuz, as TotalEnergies warns of energy shortages
Macron reaffirms efforts to reopen Strait of Hormuz, as TotalEnergies warns of energy shortages
Image for France's Macron says EU mutual assistance clause is unambiguous
France's Macron says EU mutual assistance clause is unambiguous
Image for US to let Venezuela pay Maduro's lawyer in drug trafficking case
US to let Venezuela pay Maduro's lawyer in drug trafficking case
Image for Italy votes down equal parental leave while fathers redefine their role online
Italy votes down equal parental leave while fathers redefine their role online
Image for German auto industry faces even tougher competition as China economy slows
German auto industry faces even tougher competition as China economy slows
View All Finance Posts