The East German company – which has been building bikes in one guise or another since the early 1920s - has been making losses and their Malaysia backer Hong Leong Industries has decided to withdraw funding.
The Freie Presse newspaper from the nearby city of Chemnitz said the Zschopau plant (MZ stands for Motorcycle Works Zschopau) would close on December 31. The closure had been anticipated as the 31st is the date that subsidies from the state of Saxony end. Some 40 workers are set to lose their jobs.
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