Dresden, Germany — April 2, 2026 German furniture manufacturer OKA has filed for insolvency, putting more than 200 jobs at risk in one of the region’s largest employers. Nicolas Rebel of White & Case Counsel has been appointed as the insolvency administrator, while Ralf Hage and Martin Obendorf from DMP Solutions in Dresden will serve as restructuring advisors. Rebel stated in German: *"Es werden in Abstimmung mit den Sanierungsberatern und den Verfahrensbeteiligten alle bestehenden Sanierungsmöglichkeiten ausgelotet, um die Grundlage für eine nachhaltige Fortführung des Unternehmens zu schaffen"* ("All existing restructuring options are being explored in coordination with the restructuring advisors and parties involved to create a basis for the company’s sustainable continuation"). The financial troubles stem largely from delays in commissioning a new production facility in Wykroty, Poland. Managing director Kasper began construction on the 125,000-square-meter factory in 2023, but the project was never completed. Employee salaries are secured for three months through insolvency pay. OKA, a long-standing furniture manufacturer, remains under restructuring efforts as advisors assess potential solutions.