 Joined: 22/01/2009(UTC) Posts: 14,875 Location: On 1965 Märklin Boulevard just around from Roco Square
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Fleischmann has gone into insolvency |
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 Joined: 02/09/2014(UTC) Posts: 7 Location: STOCKHOLMS LAN, STOCKHOLM
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Where did you see this info?
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 Joined: 29/07/2007(UTC) Posts: 1,436 Location: Switzerland
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The German forums (Stummi, Drehscheibe Online) are full of messages on this topic. As far as I understand the situation, relevancy for customers might not be as important as it can seem at first glance, because only the remains of the "original" company at Heilsbronn are affected.
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 1 user liked this useful post by Unholz
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 Joined: 21/10/2004(UTC) Posts: 31,692 Location: United Kingdom
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Large Marklinist 3- Rails Layout with CS2/MS2/Boosters/C-track/favorites Electric class E03/BR103, E18/E118, E94, Crocodiles/Steam BR01, BR03, BR05, BR23, BR44, BR50, Big Boy. |
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 Joined: 27/07/2009(UTC) Posts: 5,862 Location: Leesburg,VA.USA
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Hi guys. I just read the article and then I noticed the date on the top. It's an article from 5 1/2 years ago! Peter  PS - OLD NEWS!
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 Joined: 10/08/2009(UTC) Posts: 3,443
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Have more than you show,speak less than you know (Shakespeare). |
1 user liked this useful post by NS1200
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Joined: 27/07/2009(UTC) Posts: 5,862 Location: Leesburg,VA.USA
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Originally Posted by: NS1200  Thanks,Paul. This one is current. Cheers,Peter. This current article speaks about the 600 pensioners whose pensions have been protected by an insurance company. Good for them!
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Joined: 10/08/2009(UTC) Posts: 3,443
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Peter,
Pension money is a hot issue in Europe right now,with sometimes heated debates as a result.
Companies say they cannot survive when having to pay pension money to workers every month.
Workers cannot survive without pension money!
Pension deposites are usually invested in worldwide stockmarkets,including the USA.
Also in Holland,insurance companies and banks take care of that.
Story goes that the Dutch have a total of 1,300 billion Euro in pensionfunds for their retirement.
Give my share to me i would say,i know a couple of nice loco's to buy!
Paul.
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Have more than you show,speak less than you know (Shakespeare). |
2 users liked this useful post by NS1200
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Joined: 27/07/2009(UTC) Posts: 5,862 Location: Leesburg,VA.USA
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Hi Paul. Yes, here in USA too. It started a while ago. First the Airline Industry. Quite a few went bankrupt. Pan Am and Eastern Airlines retired employees
only get a small fraction of what they would have gotten. Many other companies and industries too. It's very sad that they worked so hard for so many years too.
Peter
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Joined: 18/03/2007(UTC) Posts: 6,764 Location: Brisbane, Australia
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In Australia, we have a superannuation (pension) industry that is set up by law.
All employers must contribute at least quarterly into this fund, around 10% of their wages bill, on behalf of their employees.
This industry is separate from both government and employers, so basically each wage earner has a part of this fund, which will be returned to him/her at retirement.
The rules governing this huge fund keep changing, and it is quite possible, for the money to be purloined by government at any time.
For example, in a time of national crisis (Greece?), the government could pass a law to extract funds for their purposes.
Hopefully, that will never happen.
regards
Kimball |
HO Scale - Märklin (ep II-III and VI, C Track, digital) - 2 rail HO (Queensland Australia, UK, USA) - 3 rail OO (English Hornby Dublo) - old clockwork O gauge - Live Steam 90mm (3.1/2 inch) gauge. |
3 users liked this useful post by kimballthurlow
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Joined: 05/12/2004(UTC) Posts: 2,977 Location: CA, USA
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I was wondering if this mattered as Roco has taken them on. As mentioned prior, seems like its not a concern to customers. (thank goodness) |
SBB Era 2-5 |
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 Joined: 28/11/2007(UTC) Posts: 8,237 Location: Montreal, QC
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This only refers to the 33 staff that were retained at this one facility and to the pension regime of those and other employees already terminated.
The functions previously performed by these people will now be assumed by personnel at Modellbahn GmbH directly.
Basically, Fleischmann now exists only in name as the Brand for Roco N scale and for select HO products.
Regards
Mike C
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1 user liked this useful post by mike c
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 Joined: 18/08/2007(UTC) Posts: 1,081 Location: Denmark
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Originally Posted by: mike c Basically, Fleischmann now exists only in name as the Brand for Roco N scale and for select HO products. I actually thought it already did. I never considered Fleischmann other than a sticker on a box since Roco took over. Just like Trix is a sticker on a Märklin-box. |
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Joined: 16/02/2004(UTC)
Posts: 15,446
Location: DE-NW
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Roco and Fleischmann are siblings, owned by the same company.
Company pensions are covered by PSVaG. These are extra pensions, paid on top of the legally required pensions.
It seems that Fleischmann negotiated in vain with PSVaG to make them pay the pensions. The insolvency will now probably make them pay the pensions.
If PSVaG pays those pensions then Fleischmann will soon be out of insolvency again. |
Regards Tom --- "In all of the gauges, we particularly emphasize a high level of quality, the best possible fidelity to the prototype, and absolute precision. You will see that in all of our products." (from Märklin New Items Brochure 2015, page 1) ROFLBTCUTS  |
2 users liked this useful post by H0
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 Joined: 24/09/2014(UTC) Posts: 705 Location: Luxembourg
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Hi everyone,
When I read the news about the Fleischmann company this morning, I remembered an interview with Mr Leopold Heher in the January/February 2015 issue of the German MRR magazine "Modellbahn Illustrierte". Here's a short excerpt:
Frage: Gibt es auch Dinge, die Sie heute anders machen würden?
Antwort: Wir hätten die Integration von Fleischmann noch schneller vorantreiben sollen. Allerdings mussten wir auf einem nicht besonders guten Kaufvertrag aufsetzen, der bereits vor meiner Zeit abgeschlossen wurde.
Here's my translation:
Question: Are there also things which you would do differently now?
Answer: We should have accelerated the integration of Fleischmann. However, we had to work on the basis of a sales contract that wasn't very good and had been completed before my time.
Mr Heher didn't like the terms of the Fleischmann acquisition. Was he referring to the pensions?
Best regards,
Mark |
Best regards, Mark
I like Märklin items produced in the 1960s or early '70s, but also digital locos & current rolling stock. |
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Joined: 10/08/2009(UTC) Posts: 3,443
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Kimball,
I know this superannuation thing,my former colleagues of P&O (Peninsular and Oriental Steamship Co.) had it too.
It has some advantages.
I think you can take the money and run a bit earlier if you wish,rather than waiting till the age of 67 in Holland.
Within our parliament a study is underway to possibly adopt the British system of superannuation,bringing old age state pension forward for a maximum of 5 years.
Needless to say that you are getting less as compared to later retirement.
For those getting jobless in their late fifties (including me) the arrangement could be a blessing.
Paul. |
Have more than you show,speak less than you know (Shakespeare). |
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Joined: 21/10/2004(UTC) Posts: 31,692 Location: United Kingdom
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Large Marklinist 3- Rails Layout with CS2/MS2/Boosters/C-track/favorites Electric class E03/BR103, E18/E118, E94, Crocodiles/Steam BR01, BR03, BR05, BR23, BR44, BR50, Big Boy. |
2 users liked this useful post by steventrain
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Joined: 21/10/2004(UTC) Posts: 31,692 Location: United Kingdom
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Large Marklinist 3- Rails Layout with CS2/MS2/Boosters/C-track/favorites Electric class E03/BR103, E18/E118, E94, Crocodiles/Steam BR01, BR03, BR05, BR23, BR44, BR50, Big Boy. |
5 users liked this useful post by steventrain
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