Another family business has to file for preliminary insolvency. The employees of a Bavarian woodworker now fear for their jobs.
270 employees have to tremble: As the “Bayerischer Rundfunk” (BR) reports, the Gruber group of companies from Rötz-Bernried in Bavaria has filed for preliminary insolvency.
Accordingly, Gruber had to submit a corresponding application for two of his nine companies. The company's legal representative, lawyer Rosemarie Lankes from Weiding, confirmed the process when asked by “BR”.
According to the lawyer, things will continue with the remaining seven companies this week. The jobs of the affected employees are secured for the next three months.
The company was founded in 1963
The reason for the preliminary insolvency of the Gruber group of companies, which is known for building wooden houses, is said to be a decline in sales in private and commercial construction. The company was founded in 1963.
It's just one of many fates. As figures from the Federal Statistical Office show, the district courts reported 14,403 corporate bankruptcies from January to August of the current year.
That is around 23 percent more than in the same period last year. Economist Steffen Müller from the Halle Institute for Economic Research (IWH) recently told the “Tagesschau”: “The current wave of insolvencies is the result of a perfect storm of prolonged economic weakness and drastically increased costs.”
