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"Dramatic increase by more than tenfold": Insolvency administrator sees industries in distress

2022-09-26T15:11:06.910Z


"Dramatic increase by more than tenfold": Insolvency administrator sees industries in distress Created: 09/26/2022, 17:01 By: Felix Herz The energy crisis hits the bakery industry in particular very hard. However, other sectors are also suffering from the price increases (symbol image). © Rolf Poss / IMAGO Numerous bakeries and other industries are suffering from the consequences of the energy


"Dramatic increase by more than tenfold": Insolvency administrator sees industries in distress

Created: 09/26/2022, 17:01

By: Felix Herz

The energy crisis hits the bakery industry in particular very hard.

However, other sectors are also suffering from the price increases (symbol image).

© Rolf Poss / IMAGO

Numerous bakeries and other industries are suffering from the consequences of the energy crisis.

An insolvency administrator gave an insight into his work.

Langenzenn – The energy crisis, a direct consequence of the Russian war of aggression against the Ukraine, is making things difficult for Bavarian industries.

Bakeries in particular suffer because they need a lot of energy to produce bread and the like.

Not only the ovens, but also the refrigerated counters consume electricity.

Bayerischer

Rundfunk

spoke to insolvency administrator Volker Böhm.

He currently has a good insight into a wide variety of companies.

Insolvency administrator: Bakery industry "particularly affected"

Böhm is currently looking for an investor for the “Goldjunge” bakery from Langenzenn near Nuremberg.

Because the bakery with around 300 employees had to file for bankruptcy.

The reason is clear: “The energy costs are certainly the trigger.

Because that's a dramatic increase in costs by more than ten times," says Böhm, who got a look at the shop.

But finding a buyer for the struggling bakery is difficult - who wants to invest in a badly troubled industry?

There is currently no improvement in sight - and according to

BR

, the insolvency administrator fears that if there is not a solution soon, other industries will also get into trouble.

(By the way: Our Bayern newsletter informs you about all the important stories from Bavaria. Register here.)

Optimism in an emergency: Böhm sees opportunities

Most of the industries that are inherently energy consuming already have serious concerns – or are about to.

"We also have significant problems in the automotive supply industry," Böhm told

BR

.

However, he is optimistic that he will find a buyer or investor for the “Goldjunge” bakery – at least a glimmer of hope.

(fhz)

All news and stories from Bavaria can now also be found on our brand new Facebook page Merkur Bayern.

Source: merkur

All news articles on 2022-09-26

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