The company, which belongs to the Dihag-Holding, a leading foundry group in Europe, has been struggling with a lack of orders and high energy costs, pushing it into the red since 2017. Despite the insolvency, the IG Metall union remains optimistic about the future. Stefan Ely, Managing Director of IG Metall Dresden, emphasizes that insolvency does not necessarily mean the closure of the plant, but rather a…