Furniture dealer Schmirchcher before the out of the: breeding millions shakes industry!

The furniture industry in Austria shakes a series of bankruptcies! Schmircher GmbH from Lower Austria is facing the end and has filed for bankruptcy after the company is faced with a millions of debt. kosmo reported that a mass manager is now clarifying whether the operation in Hollabrunn is possible. The debts are around 2.7 million euros, eight employees and 80 creditors are affected. Schmircher, which specializes in high -quality furniture for gastronomy and hotel industry, has an export quota of impressive 70 percent, which makes bankruptcy all the more dramatic.

But that's not all: the Kika/Leiner furniture chain has also announced bankruptcy again. As industrial magazine , around 1,350 employees are affected by this bankruptcy. The owner Hermann Wieser could not provide any additional funds, and despite all the efforts of management, there was no rescue. The reasons for this lie in the consumer withdrawal and a heavily damaged brand perception. In the first bankruptcy, 500 creditor had already registered claims of 93 million euros, and the creditors were only able to cancel 20 percent of their claims.

consequences of the bankruptcies

The situation is worrying for the employees, because Kika/Leiner had previously reduced the number of his employees from 1,900 to 1,400 and closed 23 out of 40 branches. For the creditors, the new bankruptcy could have significant financial consequences, as it remains unclear how open demands are dealt with and whether voucher is received. Experts point out that renovation is only possible if the company can continue to be continued to cover, which is more than questionable in the current economic situation.