The scandal surrounding the bankruptcy of the Signa Group reaches a new dimension: while high -ranking managers earned millions and have been pulled out of the affair on time, employees are now obliged to pay.
According to the “Krone” search, the mass manager demands money back from you, although he was once back when buying employees. For many double blow: the Signa shares are completely worthless today, but the loans still have to be paid.
Bitter
For a long time the investment in the Signa was sold as a lucrative option. If you believed in the success of the company, you should be able to earn a role in your own employee participation company. About 120 employees trusted the system and acquired shares with a total value of 23 million euros – often with their own money, but sometimes also on credit.
But with the decline of the Signa, the leaf turned dramatically. When the company ended up in mass turbulence in 2023, around 100 employees wanted to get off and return their shares. Only: the reimbursements were not made – 17 million euros were no longer paid. And it gets worse: the insolvency manager now asks for the deferred amounts that were not paid by good 60 employees when buying the shares.
For many of the employees involved, this means financial downfall. You have not only lost your savings that you have placed in Signna Prime shares of the Financial Juggler, but now it is forced to pay debts of a failed system. However, from a legal point of view, the mass manager of Signa Employee -Minded GmbH has no other choice.
Double load
This double charge provides horror, especially in the ranks of the remaining workforce. Accordingly, the vote in the Signa offices has cooled since the middle of this week when the calling letter from the mass manager arrived. Many not only feel cheated with their money, but are now also punished.
A particularly explosive detail: Marcus Mühlberger, one of the nearest confidents of René Benko and long-term Houdmanager, managed to sell his own share package in September 2023 for 400,000 euros-and one of the last to get something out of the system. Shortly thereafter the Domino bankruptcy started and there was no money for the rest of the employees.
Mass Administrator also checks payments
According to the search “Krone”, however, the Massamaster must also take a look at the addition of the Benko Friends in addition to Mühlberger, for example the ex-Supervisory Board of Karl Stoss, who brought 943,000 euros from the employee participation in the summer of 2023. It is approximately December 31, 2022. Today, according to the report: at that time the Signa would have been insolvent.
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.
