Bankrupt auto supplier Collins & Aikman Corp. put its European operations into administration, a process similar to bankruptcy, in Great Britain.
The filing covers 24 plants in Great Britain, Austria, Belgium, Czech Republic, Italy, Germany, Luxembourg, Netherlands, Spain and Sweden. Troy-based Collins & Aikman employs 4,000 in Europe.
The plants will continue to operate while in administration, like those in the U.S. The company's operations in Canada, Mexico and Brazil are not affected by the British or U.S. filings.
The company also revealed in an SEC filing that CFO Bryce Koth resigned July 8.
Collins & Aikman's European operations have liquidity and balance sheet issues, according to the company's release. Those same problems put its U.S. operations into bankruptcy. The maker of automotive cockpit components, fabrics and acoustic parts filed its Chapter 11 bankruptcy May 17.