US EditionStyrian Furniture Company Ada with 180 Employees Requests Insolvency
4 Articles
4 Articles
Oststeirische ADA Möbelwerke Holding AG and ADA Möbelfabrik GmbH have applied for a restructuring procedure. A continuation of the operation in a reduced form with an investor is sought.
Some 30 million euros in debt, 180 jobs and a great deal of concern: Many people feel that the insolvency of the ADA furniture factory in Anger is tragic. An entrepreneur even speaks of an "incision for the entire Feistritztal".
The Styrian furniture manufacturer ADA is applying for a restructuring procedure. 172 employees are affected. The liabilities amount to around 30 million euros. A continuation of the operation is aimed at. The Styrian furniture manufacturer ADA is facing a restructuring process without self-administration. Both ADA Möbelfabrik GmbH, based in Anger and the parent company ADA Möbelwerke Holding AG, have submitted corresponding applications to the …
The debt level amounts to around 30 million euros. The Group is to be renovated and continued in a reduced form.
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