Bakery Stanzl before renovation: 13 employees affected - what now?

Bakery Stanzl before renovation: 13 employees affected - what now?

Korneuburg, Österreich - The traditional bakery and confectionery Stanzl from Prottes is again faced with a financial crisis. The operator, Reinhard Stanzl, has applied for a renovation procedure without self-administration from the Korneuburg regional court, such as Noen.at reported. This measure is not for the first time, because the company has been in financial difficulties several times. In the past, however, Stanzl was able to fulfill his obligations, most recently with a complete repayment of the 21 percent quota as part of a judicial procedure.

The bakery, which has existed since 1969 and maintains several locations in the region, was the reason for the bankruptcy of the insolvency. According to Creditreform, there were high cost costs-around 40 % of the goods delivered to supermarkets had to be returned-and high downtimes of the employees, especially due to the effects of the COVID-19 pandemic and the Ukraine decline, significant drivers. Overall, the company's debt amounts to around 195,000 euros and concern not only the operator itself, but also 13 employees who are directly affected by the bankruptcy, so Kurier.at .

renovation plans and hope for a turn

To save the company, plans Stanzl to present a renovation plan that provides for a repayment of 20 % within two years. In order for this to succeed, extensive restructuring measures are required: Personnel costs should be reduced, work processes are to be optimized, and the delivery of schools, kindergartens and supermarkets is reduced to a daily transport. The opening times should also be shortened and returns are to be avoided in the future in order to stabilize the financial situation. It remains to be seen whether these measures will be sufficient to save the Stanzl bakery.