Mountain of debt
Costume company Gössl now applies for reorganization
As reported, Gössl is in financial difficulties and has now applied to the Salzburg Provincial Court for two reorganization proceedings, according to KSV1870. The liabilities amount to around 9.6 million euros.
After weeks of negotiations with the bank, the prominent restructuring case has now ended up in court. The two proceedings concern Gössl Gwand GmbH and Gössl GmbH. The insolvency was mainly due to coronavirus bridging loans, which have now been called in.
Around 127 employees are affected by the insolvency. The continuation of the company is being sought. A quota of 20 percent is planned for the creditors. According to the company, there are currently no plans to close any locations or make any redundancies.
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