RusBankrot
We know everything about bankruptcy
08/05/2024
Wednesday
THIS DAY IN HISTORY:
8 May 
1945 The act on the unconditional surrender of Germany in World War II was signed in a suburb of Berlin.
1945 The act on the unconditional surrender of Germany in World War II was signed in a suburb of Berlin.
1886 The first Coca-cola drink was produced by Dr. John Pemberton.
1886 The first Coca-cola drink was produced by Dr. John Pemberton.
1713 The capital of Russia was moved from Moscow to St. Petersburg.
1713 The capital of Russia was moved from Moscow to St. Petersburg.
8 May
1945 The act on the unconditional surrender of Germany in World War II was signed in a suburb of Berlin.
1945 The act on the unconditional surrender of Germany in World War II was signed in a suburb of Berlin.
1886 The first Coca-cola drink was produced by Dr. John Pemberton.
1886 The first Coca-cola drink was produced by Dr. John Pemberton.
1713 The capital of Russia was moved from Moscow to St. Petersburg.
1713 The capital of Russia was moved from Moscow to St. Petersburg.
Austrian manufacturer of chocolates Mozart is driven to bankruptcy by pandemic
Salzburg Schokolade company, which produced Mozartkugel (‘Mozart Balls’) branded chocolates, filed for bankruptcy. The company filed a bankruptcy petition with the court on Monday. At the moment, the fate of 140 employees who are at risk of losing their jobs is being decided.
According to the Austrian media outlet salzburg.orf.at, negotiations are currently underway between the factory, which produced unique sweets stuffed with marzipan, and the staff. Employees were told the company would not be able to pay them their November wages on time.
At the moment, the labor chamber, representing the interests of all working citizens in Austria without exception (about 3 million people), has taken a wait-and-see position. According to its president, Peter Eder, it is necessary to understand who will be appointed as the bankruptcy trustee. After that, everything necessary will be done so that on the Christmas Eve, the employees do not have to worry about the current financial situation.
Despite the rising electricity and packaging costs affecting Mozartkugel's production, Schuegerl expressed his hope that the factory will be able to withstand the crisis and continue to operate despite the impending bankruptcy. A message with appropriate content was sent to the partners and clients of the company.
Let us remind our readers that ‘Mozart balls’ are a unique brand that has been produced for over a century. Its inventor is known as the confectioner Paul Furst, who proposed the recipe for the chocolates in 1890.
According to the Austrian media outlet salzburg.orf.at, negotiations are currently underway between the factory, which produced unique sweets stuffed with marzipan, and the staff. Employees were told the company would not be able to pay them their November wages on time.
The trade union assured that it would support the employees, but turned out to be unprepared for such a sudden bankruptcy statement from the management.
The news was shocking not only for the employees of the company, but also for the public in Salzburg. Until recently, the company was recruiting new employees, as evidenced by the vacancy announcements posted on the company’s website. Factory representatives note that the amount of information coming from the management was very small.At the moment, the labor chamber, representing the interests of all working citizens in Austria without exception (about 3 million people), has taken a wait-and-see position. According to its president, Peter Eder, it is necessary to understand who will be appointed as the bankruptcy trustee. After that, everything necessary will be done so that on the Christmas Eve, the employees do not have to worry about the current financial situation.
The head of the company Christian Schuegerl, in his address to the public, said that the reason for the bankruptcy was a pandemic, which caused significant logistics costs and a drop in demand.
Reduced tourist flows and the Austrians' savings on organizing holidays and other celebrations led to the fact that shops selling sweets in Salzburg and the capital Vienna were temporarily closed.Despite the rising electricity and packaging costs affecting Mozartkugel's production, Schuegerl expressed his hope that the factory will be able to withstand the crisis and continue to operate despite the impending bankruptcy. A message with appropriate content was sent to the partners and clients of the company.
It is noted that the subsidiary company Salzburg Schokolade in the Czech Republic has not been involved in the process and will continue to work.
The company's employees in Austria were also advised by the management not to cease operations, despite the emergency situation with non-payment of Christmas bonuses.Let us remind our readers that ‘Mozart balls’ are a unique brand that has been produced for over a century. Its inventor is known as the confectioner Paul Furst, who proposed the recipe for the chocolates in 1890.
01.12.2021
