Many fans of the crispy delicacies will cringe: the Innviertler “Kletzerl” sausage producer Kletzl, based in Wildenau, is insolvent and its debts amount to 5.6 million euros. The business continues. According to KSV1870, 36 employees and 118 creditors are affected.
In addition to the failure of a large German buyer, the causes of the bankruptcy are mentioned in the bankruptcy application as the corona pandemic, which has led to a decline in turnover in the catering industry. Production capacities and workforce were adjusted, but the increased costs for energy and raw materials could not be passed on to end users.
Bankruptcy administrator on the road
“The trustee appointed by the bankruptcy court will check whether the restructuring and continuation of the debtor’s intended business is possible without further losses for the creditors,” says Petra Wögerbauer of KSV1870.
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.
