“We have a lot to do here,” says Holger Schienbein. He wants to keep as many employees as possible. “That’s what I lined up for.” It won’t be easy. Schienbein is Head of Human Resources at Bleistahl, a family business in Wetter in the Ruhr area. 500 people work here – still, one has to say. Because every year, lead steel produces around 360 million valve seat inserts for car engines: small metal rings with the diameter of a cappuccino cup. A product that nobody will need anymore with the disappearance of combustion engines. A business model collapses.
Labor Market: When a Business Model Collapses – Economy
