The company was unable to pay wages for the months of March and April. For the month of March, it was possible to organize pre-financing of the insolvency money for the vast majority of employees. Of course, it is unsatisfactory for the employees concerned to have to wait so long for their outstanding wages, Necker continued.
Attorney Necker and his team were looking for ways to keep the business going. Discussions were held with employees, negotiations were held with the landlords, the suppliers and the leasing boars.
Unfortunately, it turned out that the company was in a worse position than initially assumed. The arrears are larger than expected for suppliers, landlords, lessors and the company’s own employees. The company has grown very quickly in the past. The operational structures could not keep pace. The bakery in Kirchheim is not designed for a business with so many branches. There was no money available in the insolvency proceedings for the necessary investments and new machines and equipment. It would also have required more skilled workers to reorganize operations and production.
With declining sales figures, the provisional insolvency administrator of the law firm FNB from Aalen had to determine that the company could not be reorganized as part of insolvency proceedings. In the situation found, the search for investors was not promising either. The fact that the provisional administrator had less than a month’s time did not make the task any easier.
The general conditions of the industry would have been unfavorable for the operation. Inflation, competition from supermarkets, rising costs for energy, rents, raw material prices and personnel costs are affecting all bakeries.
The planned sales could not be achieved. Ultimately, the operation would always have generated more costs than income in the coming months.
Therefore, attorney Necker had to explain to the employees at a works meeting on Friday at 5 p.m. that the company no longer had a future. The Saturday before Pentecost was the last day. The Moll bakery will no longer open after Pentecost. All branches remain closed.
Attorney Necker expressly thanked him for the good work and emphasized that the employees were not to blame for the situation.
It is not yet known what will happen in the branches. Since the rents cannot be paid from June, the landlords have been informed and the branches have already been returned. The inventory of the bakery will be used in the next few weeks.
The situation is particularly difficult for 30 trainees who were recently recruited from Nepal, Morocco and Vietnam. Most are not entitled to unemployment benefits and are left with little knowledge of the language and even less money.
The Moll family who own the company have promised to help with mediation to other companies. All trainees initially kept their current apartments. The help of the employment agency is also starting.
For the other employees, too, the situation is anything but rosy. With the shutdown of the company, pre-financing of insolvency money is no longer possible. The employees now received the payday for April and May as insolvency money. Anyone who does not have a job from June will first be referred to the Employment Agency.
2023-05-27 15:56:12
#Moll #Bakery #closes #operations
