As of: February 15, 2024, 4:51 a.m
By: Bona Hyun
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If the reports are true, a popular Southwest interior decorator is having payment problems.
Employees have apparently been waiting for their salaries for months.
Stuttgart – The interior designer TTL
is apparently in financial difficulties.
Reports indicate that there is a lot of uncertainty among employees and customers.
Some employees apparently express their fears and fear possible consequences.
But which branches are specifically affected?
Traditional company insolvent?
TTL employees express concern about consequences
While customers wait for their partially paid for goods, the Stuttgart Labor Court has apparently received the first complaints about non-payment of wages.
A spokeswoman confirmed corresponding information from the
Heidenheimer Zeitung
.
According to newspaper reports, some employees have been waiting for their salaries for months.
Other reports also fuel the theories.
“I received my last salary in December.
My lawyer has now advised me to stop working there and to register as unemployed,” one of the employees told
Focus
.
Due to the high demand in retail, he has now found a job at a discount store.
According to Focus,
the other two cases are
job searches.
There are also two outstanding salaries.
TTL is reportedly in financial difficulties.
© Manfred Segerer/imago
Reports about the traditional company TTL are fueling rumors of insolvency
According to reports in the
Heidenheimer Zeitung,
the Ulm police headquarters is now also working on the case.
The police received reports from Heidenheim and Ulm.
The employees are said to accuse the company of fraud and delaying insolvency.
Apparently the rents were no longer paid either.
Ippen.Media
has not yet received any response to a request to the Ulm police headquarters.
TTL apparently facing payment problems: Which branches are not affected
The TTL Nord and TTM association made it clear to
Ippen.Media
that the markets in the reports were exclusively those of TTL Tapeten-Teppichboden Süd GmbH (now TTL OP GmbH).
They separated themselves from the TTL Nord and TTM association based in Hallstadt over two years ago at their own request.
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“Accordingly, the 66 branches in Bavaria, Saxony, Saxony-Anhalt and Thuringia, which are operated by the TTL Nord and TTM associations, are in no way affected by the current reports.
The southern company has been operating independently since the beginning of 2022,” said TTL Nord and TTM.
The TTL Nord and TTM association “cannot provide any information about current developments in Baden-Württemberg and Rhineland-Palatinate.” TTL Nord and TTM are on an economically sound foundation.
Apart from the similarity of the name, there is no connection between the business of the group and the spun-off offshoot.
Traditional company TTL employs around 400 people
According to the
Heidenheimer Zeitung,
TTL employs around 400 people in 27 branches in southern Germany.
At the end of 1974, the TTL company began to build a wide-area branch network as a specialist store for floor coverings, wallpapers and paints in Bavaria and Baden-Württemberg.
According to its own information, the company is now also the market leader for interior furnishings in southern Germany.
TTL OP GmbH has not yet commented on the reports.
It is therefore not yet clear whether the company is actually insolvent and how Schuh-Welt will follow other insolvent companies is unclear.
In Baden-Württemberg, a significant increase in bankruptcies was also recorded in the first half of 2023.
(bohy)