Insolvency at Kika/Leiner: 1,350 jobs in danger!

Insolvency at Kika/Leiner: 1,350 jobs in danger!

The bankruptcy of the Kika/Leiner furniture store is now certain: After the efforts of an investor, 17 branches are closed. As a result, 1,350 employees will lose their positions, as the Credit Protection Association reported in 1870. Although wages are secured by the end of the year, uncertainty for the employees is tangible. The insolvency administrator, Volker Leitner, pointed out in an official announcement that the existing inventory is now being sold and an examination of open customer orders is underway. Customers will be informed about the results on December 9th.

insights into legal aspects of bankruptcy

based on the information from legal advisory germany.de it becomes clear which right employees have in such a situation. Salary claims are to be reported to the insolvency administrator's visual vis; This ensures that despite the bankruptcy, the employees can at least receive part of their outstanding salary. As a rule, the employment office pays bankruptcy money for up to three months backward salaries. Registrations must be made on time, otherwise claims can be lost.

The furniture store looks back on a difficult time, which was tightened by economic uncertainties and the consequences of the Covid 19 pandemic. In this case, there could not be a social plan for the suspension of social hardship, which takes the opportunity to receive additional support services during the transition period. It remains to be seen how the situation will develop and which measures can still be taken for those affected.