Aktienbrauerei Kaufbeuren

The insolvent Aktienbrauerei Kaufbeuren has secured its brewing operations in insolvency proceedings under self-administration after a restructuring plan was provided with the consent of majority shareholder ROKiT. Of the previous 84 positions, only 38 will remain at the site going forward; 46 jobs will be cut, and those affected will be able to move to a transfer company. Production and the product range of beer, wine-mixed drinks and lemonades are to continue, with parts of the supply transferred to business partners. Management cites falling beer sales, higher raw material prices, an investment backlog and missed product trends as causes of the crisis. » Plus sur t-online.de

The insolvent Aktienbrauerei Kaufbeuren has agreed a restructuring plan under self-administration and, with the consent of majority shareholder ROKiT, provided funds to continue operations. Brewing will continue and the product range will be retained, but of 84 positions only 38 will remain at the site—46 jobs will be eliminated. A transfer company is to be made available to affected employees to facilitate a transition, and restructuring CEO Volker P. Zimmerer remains in office. » Plus sur t-online.de

Aktienbrauerei Kaufbeuren has applied to the court in Aalen for insolvency under self-administration; the company says brewing operations will continue. Deliveries in the region will be maintained and the 84 employees are to be informed promptly. The goal is to attract investors to preserve the centuries-old operation (founded in 1308, part of Rokit Drinks since 2013). » Plus sur t-online.de