Vienna Biobacker Graagger finally bankruptcy - crisis consequences are severely noticeable!

Vienna Biobacker Graagger finally bankruptcy - crisis consequences are severely noticeable!

The Vienna Bio MoWäckerei Gragger and Cie has finally lost the bankruptcy proceedings. According to vienna.at , company founder Helmut Gragger had to inform the remaining 35 employees about the bankruptcy after the renovation process failed. The bankruptcy proceedings were opened at the end of 2022, and the bakery's liabilities at around one million euros at around 30 creditors.

The causes of bankruptcy are diverse and range from drastic sales declines during and after the corona crisis to increased energy and wage costs. The Viennese bakery hit these factors hard and ultimately led to their demise. According to Kurier.at , Helmut Gragger made it clear that the economic framework for the company was no longer portable.

attempts to support the city of Vienna

In order to support the organic bakery in difficult times, the city of Vienna had entered the “pride in Vienna” project in mid -2022 as a minority shareholder. This measure should possibly help maintain the operation, but did not bring the desired success.

consequences of the corona crisis

The corona crisis has far -reaching effects on the Austrian economy, which resulted in a decline in GDP by 6.7% in 2020. According to Statista , Lockdowns and other restrictions have been particularly affected by industries such as the hospitality, the leisure area and parts of trade. The Gragger and Cie bakery is another example of the destructive consequences that the pandemic left.

The bakery's sales failures not only led to financial difficulties, but also contributed to the increase in unemployment and economic stress in Austria. The unemployment rate rose from 7.4% in 2019 to 9.9% in 2020 before falling to 8% again in 2021. Many companies have brought this economic turbulence to the edge of the abyss.

The closure of the Vienna Bio MoWäckerei Gragger and Cie illustrates the challenges with which many companies have been faced in recent years. The future of this industry remains uncertain and it remains to be seen how the economic framework will develop.