Insolvency at furniture manufacturer Weissengruber: Continuation with mass loan

Insolvency at furniture manufacturer Weissengruber: Continuation with mass loan

55 people are employed in the company.
Insolvency administrator René Lindner

Burglaries, increased costs for salaries and wages as well as material and electricity were reasons for the insolvency of the family company Weissengruber Möbelproduktion in Ried in the Riedmark. In addition, the energy -intensive production and the large modern machine park would have led to a significant increase in operating costs.

Now the continuation of the company has been secured: Insolvency administrator René Lindner has recorded a mass loan for the renovation. “The order situation is secured and the employees and customers are behind the company,” says the lawyer. 55 jobs, five of them apprentices, are therefore preserved. On April 29, the creditors will vote on the renovation plan.

Insolvency administrator René Lindner
Image: private

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Insolvency administrator René Lindner
Image: private

Source: Nachrichten

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