Insolvency of the traditional company Hauswirth threatens 119 jobs

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Der burgenländische Süßwarenproduzent Hauswirth hat Insolvenz angemeldet, bedroht sind 119 Arbeitsplätze. Die Zukunft von Schokohasen und Nikolo steht auf der Kippe. Mehr dazu im Artikel.
The Burgenland confectionery producer Hauswirth has filed for bankruptcy, and 119 jobs are threatened. The future of chocolate buns and Nikolo is on the brink. More on this in the article. (Symbolbild/DNAT)

In an unexpected turn for the Austrian confectionery industry, the traditional Hauswirth company, known for its delicious chocolate products, has registered bankruptcy. Founded in 1949 as a pastry shop, Hauswirth has struggled with considerable financial difficulties in recent years. Last year, the company recorded sales of only 14.6 million euros and a serious loss of EUR 2.5 million. These developments clearly show that there has been no profit for years, which has dramatically tightened the company's situation.

The current bankruptcy concerns a whopping 119 jobs that are mainly occupied by women. These jobs are of great importance not only for the employees concerned, but also for the Kittsee region in Burgenland. According to the loan protection association, the company's liabilities amount to 10.5 million euros. Although the company is trying to renovate and continue, the success of these measures depends heavily on the consent of the creditors and the future financial results.

Insight into Hauswirths products and challenges

Hauswirth is known for its seasonal chocolate figures, such as the popular Nikolo and the Easter bunnies. In the past, the company made headlines through a legal dispute with the renowned Swiss manufacturer Lindt, which was led around the "gold bunny". Unfortunately, the competition from large international manufacturers remains a major challenge in this crisis. In addition, the price increase for cocoa has been another difficult factor for the companies concerned in recent years.

Hauswirth processes around 4,000 tons of chocolate annually, with around 60 percent of the products intended for export. This illustrates how important the company is not only for the local economy, but also for the international confectionery industry. The efforts to renovate are likely to be decisive with a view to the impending decisions of the creditors and on the entire market development.

Read more about the background of bankruptcy and other developments in an article by Zeitungderarbeit.at .