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A Popular Chocolate Manufacturer is Insolvent: Bitter End for the Workforce and 7 Million Euros in Debt

Salzburg Schokolade: Insolvenz und 7 Mio. Schulden (Bild: Salzburg Schokolade)
Salzburg Schokolade: Insolvenz und 7 Mio. Schulden (Bild: Salzburg Schokolade)
Salzburg Schokolade is once again facing insolvency with over 7 million euros in debt, which means the end for the workforce and another sad chapter for the traditional company.

It is about a huge sum. Over 7 million euros in debt have accumulated. This is a true mountain of debt that is breaking the neck of the traditional company.

The Huge Mountain of Debt

The worst news, however, concerns the people who worked there. The chocolate factory has to close. This means all employees will lose their jobs. A harsh reality in an already uncertain time.

The Bitter End for the Employees

The bitter part: It is not the first time the company has gotten into trouble. There was already an insolvency in 2021. Back then, an investor saved the company. But this second attempt to keep chocolate production running has now failed.

Not the First Bankruptcy

Now the official insolvency proceedings begin. An administrator will take care of the liquidation. What exactly will happen with the brand and the assets is still open. But for the workforce, there is little hope. A sad end for a piece of chocolate history and above all a blow to the employees and their families. A sweet business with a bitter outcome.

This article has been automatically translated, read the original article here.

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  • A Popular Chocolate Manufacturer is Insolvent: Bitter End for the Workforce and 7 Million Euros in Debt