After 25 years: Sierning loses traditional glass shop!

After 25 years: Sierning loses traditional glass shop!

Sierning, Österreich - in Sierning, Hayek MM GmbH closes after 25 years of service due to bankruptcy. The company, which was originally founded in 2000 and worked in the glass shop, locksmith and building booms, sees itself through high debts and inadequate market adjustments. The debts amount to around 2.5 million euros, while the assets are only around 1.85 million euros. As a result, ten employees lose their job.

Despite several attempts at renovation since 2003, in order to counteract the consequences of the construction crisis, the efforts were in vain. Measures such as personnel loss and redimation could not cope with the challenges. High fixed costs and the absence of large orders also burdened the financial situation of the company. Property fees also contributed to the tense economic situation.

insolvency statistics in the context

The closure of Hayek MM GmbH is part of a worrying trend. In 2024, 21,812 companies in Germany filed for bankruptcy, which corresponds to an increase of 22.4 % compared to 2023. This is the result of current and previous crises that heavily burden the economy.

The increase in bankruptcies among companies that have been on the market for several years is particularly worrying. Formerly self -employed entrepreneurs who have made bankruptcy applications from their previous activity due to debts are particularly affected. It is estimated that over 23,000 formerly self -employed people dared to take this step.

The effects on the labor market

The bankruptcy of Hayek MM GmbH means not only the end of a traditional company, but also the loss of ten jobs. An estimated around 270,000 commercial companies and around 90,000 freelance activities were hired throughout 2024. Despite the increase in bankruptcies, this form of corporate closure remains an exception, which has a serious effect on the employment situation.

The property conditions of the company are also difficult. A burden on property assets exacerbates the financial emergency and influences the possibilities of a possible renovation. The situation illustrates the importance of timely market adjustment and crisis management strategies for companies.

In order to understand the legal framework for companies, it is crucial to know that official information about bankruptcies is published by the responsible judicial authorities. For this purpose, the website insolvenklungen.de such announcements also offer, but at the same time indicates fraud attempts in which people are asked to pay fees that do not come from official bodies. In the event of doubts, creditors and companies should always contact the responsible court in order to obtain clarity.