Fliesen-Zentrum GmbH, a family-owned company in Föhren, has declared insolvency after 130 years of operation. Specializing in tiles and flooring, the company struggled due to the ongoing crisis in the construction sector, which has led to numerous bankruptcies among heavily indebted firms.
Contributing factors to their financial turmoil included the implementation of a new SAP system and a move to a new central warehouse. Despite these challenges, the company aims for restructuring while ensuring that employee wages are secured through insolvency compensation.
The business operations are expected to continue uninterrupted as it navigates this difficult period.
infobud.news is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand
