Stutgart, Germany – A small, but high profile outlet for polyurethane foam will be lost at the end of July, when Recaro Child Safety plans to close business.
Recaro to stop child car seat production
The company, which makes child car seats and strollers, said it was suffering from intense competition in the sector. The company tried to reduce cost, improve market positioning and develop new products. But this was no enough to compensate for the negative business development.
The closure will affect a total of 190 people; 117 of these are based at Marktleugast, Germany.
Ralf Kindermann, md, Recaro Child Safety said: 'This was a tough decision, but it has become unavoidable due to the ongoing loss'.
He added: 'We are open to talks with investors who may be interested in in parts of the business.'