Insolvency wave: which companies in Germany now have to close!

Insolvency wave: which companies in Germany now have to close!

Saarbrücken-Scheidt, Deutschland - The German economy faces an unprecedented storm of bankruptcy in 2023, and now the shock waves also meet the bakery chain, which has filed for bankruptcy. There are currently 13 branches of the chain, but the branch in Lebach will close until the end of the year. In addition to the already closed branch in the Rewe market in Saarbrücken-Scheidt, it is said that despite the difficult situation href = "https://www.chip.de/news/erste-storst-vor-de-deutsche-baeckerekette-insolvenz-an_185670886.html"> chip.de reported.

But the bakery is not only in its misery. The bankruptcy wave also affects other companies in Germany. According to an analysis of the Leibniz Institute for Economic Research Hall (IWH), the number of corporate insolvencies in December increased significantly, the highest value since the beginning of the records in 2016. Reason for these Catastrohal developments are the continuing consumption, increasing building interest rates and a creeping world economy that presses the German economy. The gross domestic product fell by 2023 adjusted by 0.3 percent compared to the previous year. The most important industries are affected - for example, Galeria, the Hamburg pocket brand Bree and the Reno shoe chain reported and are now faced with the task of renovating or closing, while over 15,000 jobs are at stake. The Reno shoe chain in particular is fighting at the forefront; The branches have already carried out clearance sales because they cannot even pay the electricity invoices, such as FOCUS.de

high numbers and little hope

The wave of bankruptcies causes unrest on the German labor market. The Situation is particularly dramatic for companies such as the traditional Eisenwerk Hasenclever & Sohn and the tour operators such as Attika who have been active for more than 45 years. Corporate customers and consumers wonder where you can buy your products in the future. If the economic situation does not improve soon, there are many other bankruptcies that the companies could threaten in their existence.

The numbers speak for themselves: The insolvency administrators are faced with the difficult task of organizing the claims of the creditors, and the anxious question remains how many jobs can actually be saved while the German economy continues to remain in crisis. Industrial damage and increasing costs are not the only problems; The uncertainty among consumers and the dwindling purchasing power could further tighten the situation in the coming months.