It was known since the beginning of February that the Grieskirchen GmbH brewery was in financial difficulties because the January wages could not be paid. Now the beer manufacturer is officially in need of restructuring again: According to the Kreditschutzverband 1870, its liabilities amount to around 3.8 million euros.
Four years after a successful restructuring process, the financial hole at the Grieskirchen GmbH brewery was once again too big: the company applied for a restructuring process on Monday and is offering its creditors a quota of 20 percent, which should be paid within two years, according to the credit protection association 1870.39 employees affectedThe application ultimately no longer came as a surprise. After all, the beer producer’s problems became known at the beginning of February when wages for January could no longer be paid. What happens next for the 39 employees will depend on the liquidator and the necessary steps in the restructuring process. What are the reasons for the current insolvency? The Grieskirchen GmbH brewery primarily cites the increased energy and production costs, and raw materials and packaging were also much more expensive than originally planned. According to Creditreform, the calculated returns for an order from a food retailer fell flat because the purchase of bottles was too expensive.
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