Palmers in the crisis: 515 employees are waiting for their salary!

Palmers in the crisis: 515 employees are waiting for their salary!

Österreich - The laundry dealer Palmers filed for bankruptcy on Thursday. This has far -reaching consequences for the 515 employees in the currently 113 branches who have not received a salary since January. The company announced that no further branches than the 20 already announced should be closed. Terminations are also not planned, although at the beginning of the month, dismissals were already registered with the labor market service (AMS). The outstanding salaries are to be paid out in the coming weeks, as Gerhard Weinhofer from Creditreform emphasized. "It does not take months in Austria, but weeks," he said, adding that the employees can soon be better informed, since the company meetings have already taken place to inform the workforce about the current situation.

search for investors and renovation plan

For the future of Palmers, the search for investors is of crucial importance. As suedtirolnews.it , the company strives for a renovation procedure in personal responsibility, since necessary capital inflows did not take place in good time. Rumors about potential investors from Turkey and China are already circulating. This was also emphasized by Weinhofer, who pointed out that further details should be presented at the next creditor meeting in early March. The company's liabilities were specified in the bankruptcy application at 51 million euros, while the assets amounted to 11.5 million euros. This amounts to approximately 69 million euros if you add the secured outstanding

The bankruptcy also has an impact on the financing, since a loan of 14.4 million euros, which is 90 percent secured by the COVID-19 financing agency of the Bundes GmbH (COFAG), is not one of the secured outstanding stands. In this case, the Austria Economic Service (AWS) appears as insolvency believers. Palmers hopes for a quick solution to secure the remaining shops and thus the jobs, while management is expected to work closely with the renovation clower Maria-Christina Nau.