The views of some of the small and medium-sized companies shows that you are currently financially very close to the abyss. The longer the pandemic and mask compulsory annoyed the consumers desire to spend money, the greater the dangers of a definitive Bankrupt. The current VAT reduction helps a little.
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this is The example of the Shoe manufacturer Lloyd Shoes GmbH shows. The company based in Sulingen in lower Saxony, wants to be producing no more shoes in Germany, as the “Bild”newspaper reported.
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let there be no rumors of advent: Lloyd threatens not Broke, but the pandemic caused sales to 30 percent sagging. This is probably too much, to the high non-wage labour costs in Germany make. Therefore, the radical producing step, in the future, only abroad.
In the process, Lloyd’s has a long history. The company was founded in 1888 in Bremen, Germany, since 1942, the Headquarters is located in Sulingen. In 2019, the company’s turnover amounted to EUR 130 million. Per day Lloyd 7100 produces Pair of shoes, and one-third is exported. In Germany, the medium-sized company employs nearly 700 employees.
Bavarian brewer goes after 402 years in insolvency
As a further pandemic-the victim is called the “image”report, the brewery Werneck at Schweinfurt in Bavaria. After 402 years of the medium-sized is before the end. Because the turnover of hospitality businesses are still in the basement, could not sell at the brewer enough. Nearly 15,000 litres of beer were dumped.
“We’ve always been a massive catering – and solid-heavy,” said Junior Director Christine Long, according to the report. The beer was not drunk in the spring, could not sell in July subsequently.
The bitter insight: 45,000 euros monthly labour costs can no longer cope, so the hard cut is now.
Currently ailing companies do not have to file for bankruptcy
experts warn that the currently rather small number of companies may not deceive bankruptcies over the extremely difficult situation of time. Because the Federal government suspended the obligation to apply for Insolvency for businesses since 1. March up to 30. September. After that, the old rules apply again. Only then will the full extent of the Corona-crisis for German companies will be visible, so market observers. Anwalt.de (display), you your legal concern of the experts to examine!
The latest Figures from the Federal Statistical office suggest. Although the pandemic of Germany is crippling the economy for months, decreased the reported insolvencies, last strong. In April, the authority registered only 1465 bankruptcies, a good 13 percent less than in April 2019.
Currently, the Federal government thinks for a while about the insolvency of the reporting obligation until the end of the year to suspend. However, the moves of a possible bankruptcy, probably only in the Winter.
experts warn of Zombie-firms
Currently, no one knows how many of the firms actually in the end. Because you are allowed to keep their financial problems to themselves. According to industry representatives doubt the validity of the official Figures.
they Also emphasize the benefits of your old, current obligation to apply for Insolvency put: shooter business partners to deliver at the struggling company Were.
Stefan Kooths from the Kiel Institute for the world economy told the blade: “The suspension of this obligation, solves no Problem, on the contrary. In case of doubt, the restructuring of companies will be delayed and the trust in business life is quite corrupt in General.“ So you will be explained your own boss Our PDF guide a step-by-step the way to start a business and where the pitfalls lurk.To the PDF guide
it Comes in autumn, Domino effect in the case of Zombie companies?
Klaus-Heiner Röhl from the Institute of German economy (IW) feared, according to the “image” of a Domino effect in corporate bankruptcies: “A wave of insolvencies would also threaten the banking sector.” Insolvent companies can no longer pay your bills, Bank homes would remain on your costs.
expert Röhl warns in this context, in front of “Zombie firms” that would actually lock already had. Only the set insolvency request obligation to keep these dead people still alive.
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Top virologist Streeck Corona means at Maybrit Illner from kanzelt: “effect of marginal” FOCUS Online/Wochit Top virologist Streeck kanzelt Corona means at Maybrit Illner from: “effect of marginal”
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