It is the year in which the company from Upper Austria celebrates its 60th birthday-and at the same time also the one in which it has to endure its biggest crisis. After the opening of the renovation process, the Weissenguber -furniture production fights for the future. Does the salvation succeed? In any case, the order situation is extremely good.
Significant investments that were through abroad -eventually led to the production of Weissenguber -furniture to the opening of insolvency procedures, information from the Credit Protection Association of 1870 was said.
On the website of the family business, the projects, which eventually became the economic problem, were reported: in 2021 a new shot and another CNC machine became in operation, in 2022 a new paint system was installed in the Ried Company in Ried and the final conversion areas were also expanded. Increased interest in combination with higher wages and energy costs, the carpentry founded in 1965 stumbled at the start of the year, an extension of the credit lines was no longer possible.
“The order situation is secure and the employees and customers are behind the company,” had the renovation of the recent knowledge of René Lindner at the end of January. And what is the furniture manufacturer of the Mühlviertel? There are positive signals from a potential investor, something similar is reported to the House Bank, can be heard. The offer to the creditors must be improved. The recognized claims last amounted to more than 6.3 million euros in the research statute.
Vote about the renovation plan will be delayed
What is already on the rise is that the voice of the redevelopment plan will not take place on April 29, but because things can still be clarified, a shift must be requested here.
How is the order situation? “We have full use at the end of May, we are also very busy for June – the continuation calculation will last,” says Lindner.
The council council was established
The order situation is so good that he had asked the workforce to do without the Friday that is normally available every two weeks. The work is now also done on the Friday on which the company would usually stand still. “Over time,” said the lawyer, who had brought the trade union immediately after opening the bankruptcy to initiate the foundation of a family council at the furniture manufacturer. “This makes the situation easier because there is such a contact person,” he says, who shows himself for the struggle for the future of the company “very confident”.
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.
