Könitz Porzellan: Bankruptcy filing shocks employees and suppliers!

Könitz Porzellan: Bankruptcy filing shocks employees and suppliers!

In an unexpected turn of events, Könitz Porzellan GmbH has filed for self-administration bankruptcy. The traditional company, which has around 100 employees and a production capacity of up to 300,000 cups per month, is burdened by a legal dispute with a former French business partner. In the first instance, he obtained six-figure damages, which led to the account being seized. However, the judgment is contested and is not yet final, which gives the management, led by Turpin Rosenthal, hope of winning the insolvency proceedings in the second instance. According to thueringen24.de, the company has filed for bankruptcy to prevent an outflow of money abroad.

Despite this difficult situation, operations continue to run normally and the approximately 100 employees have received insolvency benefits from the Federal Employment Agency for three months. However, the company will have to pay this money back later. However, the mood in the company is affected by the procedure and there are uncertainties among the suppliers; Some only deliver against advance payment, as mdr.de reports.

Challenges and perspectives

The future of Könitz Porzellan GmbH depends heavily on the outcome of the ongoing legal dispute. Managing director Rosenthal remains optimistic and sees the company's business model as viable. Sales were recently just under 10 million euros per year, and the company supplies printed mugs and gift items to world-famous museums, including the Louvre in Paris.

An internal printing company ensures that the films can be produced in-house for individual prints. This quality product often outperforms the cheaper competition from China, which keeps the company highly valued in the industry. Könitz Porzellan GmbH therefore remains an important player in the field of porcelain production, even if the current situation brings with it some challenges.