Palmers before the end? 539 jobs in danger! Investor search is running!

Palmers before the end? 539 jobs in danger! Investor search is running!

Vorarlberg, Österreich - The laundry manufacturer Palmers has to deal with serious financial difficulties and is faced with bankruptcy. As reported by vorarlberg.orf.at , the necessary capital inflows did not respond in time, which led to the fact that Palmers could no longer pay the salaries. 539 employees are currently affected across Austria, with seven locations affected in Vorarlberg alone. Company meetings are planned to inform the employees about the next steps and secure salary claims.

The situation is tense because the loss in the 2023/24 financial year has risen to over 14.7 million euros, which represents more than a tripling compared to the previous year. The turnover also fell from 71.5 million to 66.6 million euros, as Vol.at . In addition, Palmers is forced to refinance high loans in the millions of the next year, which underlines the urgency of an investor search.

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