As of: March 18, 2024, 1:17 p.m
By: Lars-Eric Nievelstein
Comments
Press
Split
The IRO Möbelfabrik filed for bankruptcy in March.
Nothing is known about the reasons.
However, the supply of employees is guaranteed.
Oelde - Be it SportScheck, the many thousands of restaurants or the Signa Group companies: the chain of bankruptcies never stops.
In February, 10.8 percent more companies had to file for bankruptcy than in January.
A development that will not change in the short term - on the contrary.
The traditional company IRO Möbelfabrik Josef Rose GmbH in Oelde is also affected.
At the beginning of March, the company filed for bankruptcy.
More than 100 years old – IFO Möbelfabrik files for bankruptcy
The company has existed for more than 100 years: Founded in 1923, it can look back on an eventful business history.
The manufacturer had already started producing and marketing system furniture for the living and dining area in the 1980s, wrote
Möbelkultur.de
.
The IRO Möbelfabrik filed for insolvency on March 8th, details such as the reason for this step are not known.
IRO Möbelfabrik did not respond
to repeated
Ippen.Media inquiries.
The IRO Möbelfabrik filed for bankruptcy in March (symbolic photo).
Nothing is known about the reasons.
However, the supply of employees is guaranteed.
© Addictive Stock/Imago
The Münster district court had appointed the lawyer Axel Geese from the Streitbörger law firm as the provisional insolvency administrator.
He told
Ippen.Media
that an inventory was currently underway to secure “possible retention of title rights from suppliers”.
The wages and salaries of all employees have been paid in full up to and including February 2024, and employees can also rely on timely payment for the foreseeable future.
To ensure this, the administrator applied for pre-financing of the insolvency money from the employment agency.
She agreed to this for the entire period of three months on Monday (March 18th).
“For the months of March, April and May 2024, the employees’ claims are secured through the insolvency money,” explained Geese.
“All orders can be produced and delivered”
According to the insolvency administrator's current knowledge, the “maintenance and continuation” of active business operations is ensured.
There is also still enough liquidity, “especially for purchasing goods”.
Through the pre-financing of the insolvency money, the employees are motivated and have expressed that they will continue to be loyal to the company.
Some of them have been working for IRO Möbelfabrik for decades.
My news
A four-year-old has a tumor in his head – parents ask for help reading
Deaf to noise: Three US nerds declare war on Putin with a cheap drone read
“Detailed explanations are due”: Lauterbach Ministry is giving away almost a million euros – by reading the mail
EU obligation to renovate decided: What now applies to German homeowners read
Habeck wants to have gas networks shut down: What that means for consumers read
Two million euros fine – Munich Airport plays a crucial role in arrests
A structured M&A process (the process of purchasing a company) is currently underway in order to “exploit the possibilities of long-term continuation and/or transfer of business operations”.
An external service provider is looking for investors and has been commissioned to support the investor process.
“Through these measures we have ensured that all orders can be produced and delivered,” explained the insolvency administrator Geese.
Economic researchers see a further increase in bankruptcies
Things continue to look less good for companies that have to expect an increase in insolvencies: According to the early indicator of insolvency trends from the IWH (Leibniz Institute for Economic Research Halle), company insolvencies rose by 10.8 percent in February compared to the previous month.
According to the IWH, this is the highest value since IWH data collection began in 2016. The institute expects the number of insolvencies to continue to rise in the coming months.
The after-effects of the coronavirus pandemic are increasingly hitting the catering industry in particular.
Many companies were only able to stay afloat thanks to the aid measures distributed by the government - now that these are missing, they are increasingly having to file for bankruptcy.