Flour, butter, milk – basic foodstuffs are getting more and more expensive. This affects not only customers, but also the food producers themselves. Two large companies in Carinthia have therefore already had to give up – a total of 100 employees are at risk of losing their jobs just before Christmas.
Outrageous energy costs, exorbitant food price increases and uncertain future prospects are putting increasing pressure on both customers and entrepreneurs. In Carinthia, the wave of inflation claimed two prominent victims last week: both the butcher Sajovitz in Wolfsberg and the tanning baker Marinitsch in Moosburg had to file for bankruptcy. Nearly 100 jobs are at stake – and just as many creditors fear for their money. How’s it going from here?
No prospect of continuation of the activities
Unfortunately, insolvency expert Beatrix Jernej of the Alpine Association of Creditors for Carinthia has bad news ready: “Almost 100 people will lose their jobs just before Christmas!” Sajovitz had no prospect of continuing operations. A renovation had already been approved in 2020; creditors should have received 20 percent of their claims in four installments.
But only half was paid – and now the established meat and delicatessen specialist, who also runs the canteens of Mondi in Frantschach and Bosch Mahle in St. Michael ob Bleiburg, is threatened with 1.4 million euros in debt for good.
More than a million euros in debt accumulated
The ovens in the sun bakery and their coffee machines in six restaurants between Feldkirchen and Bodensdorf are also at a standstill. This bankruptcy is particularly explosive because more than one million euros in debts have arisen here in a very short time.
“Of course that raises questions,” says Jernej. The company was only founded last June (!) and then took over the cafes of the equally bankrupt Schieder and Kienzl bakeries, as well as the naming rights of the once well-known large-scale bakery Hans Marinitsch.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
