2023-05-14 07:06:29
The difficult market conditions are cited as the reason for the economic difficulties of the Klingel Group. These are due, among other things, to the significant reluctance to consume since the start of the Ukraine war, significantly increased costs and high inflation.
In addition, there is a high level of liquidity tied up in the warehouse as a result of delays in the supply chain during the corona pandemic. In addition, the costs for the Klingel Group had increased during this period.
The business operations of the three companies are to continue despite insolvency. The approximately 1,800 employees working there have already been informed regarding the current situation.
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