Image: Redtenbacher
45 workers and eight employees as well as 84 creditors are affected by the bankruptcy. The company has slipped into insolvency with around 2.2 million euros in liabilities (as well as assets of a currently unknown amount). Among other things, high-quality hinges for glasses frames were manufactured. Machines for producing precision parts were also manufactured.
According to information from the bankruptcy filing Although one is an innovation leader on the world market and produces higher quality products than the Chinese competition, due to the weak Chinese national currency, these competing companies were able to produce even cheaper than before.
In addition, three major customers have significantly restricted their orders. The company that the shareholders Hable Holding GmbH in Linz and Scharnsteiner Redtenbacher Beteiligungs- undberatung GmbH are not to be continued.
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