The confectionery manufacturer Bodeta from Oschersleben is insolvent. The company filed an application for insolvency proceedings in self-administration at the Magdeburg District Court on Monday, a spokesman for the company announced on Tuesday. The reason is the rising energy prices for energy-intensive production. Production will continue as usual during the renovation process, the spokesman said. The “Mitteldeutsche Zeitung” had previously reported.
In addition to the energy costs, the prices for important raw materials have exploded in recent months, the spokesman explained. Sugar has become more expensive by more than 100 percent, glucose by 200 percent. In addition, the prices for the packaging materials have risen sharply. In addition, there will be a significant increase in the minimum wage, which will lead to a further increase in costs from October 1, 2022.