The catastrophe is here!
Die Katastophe ist da!

Guest
Germany has its first major restructuring case due to the energy crisis. It's a toilet paper manufacturer of all things: Hakle is bankrupt!

Guest
Germany has its first major restructuring case due to the energy crisis. It's a toilet paper manufacturer of all things: Hakle is bankrupt!

Guest
Germany has its first major restructuring case due to the energy crisis. It's a toilet paper manufacturer of all things: Hakle is bankrupt!
Guest
Migros explains here why WC paper is becoming more expensive. https://corporate.migros.ch/de/Magazin/2022/09/wc-papier.html This may also explain Haklé's economic situation. It is common for companies to enter into long-term supply contracts with major customers at stable prices - then the only "rescue" is insolvency - unfortunately that's the way it is! If conditions were as they were a year ago, everything would not be.... We have a similar problem with Axpo's electricity in Switzerland - on the one hand, long-term supply contracts of up to 3 years with major customers and, on the other, more deposits because the product is disproportionately more expensive - because it is systemically relevant, the federal government is stepping in with 4 billion.
Guest
Migros explains here why WC paper is becoming more expensive. https://corporate.migros.ch/de/Magazin/2022/09/wc-papier.html This may also explain Haklé's economic situation. It is common for companies to enter into long-term supply contracts with major customers at stable prices - then the only "rescue" is insolvency - unfortunately that's the way it is! If conditions were as they were a year ago, everything would not be.... We have a similar problem with Axpo's electricity in Switzerland - on the one hand, long-term supply contracts of up to 3 years with major customers and, on the other, more deposits because the product is disproportionately more expensive - because it is systemically relevant, the federal government is stepping in with 4 billion.