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German Cardboard Firm Files for Bankruptcy
The Tolawbpinen German Group faces the risk of continued activity after its two production companies filed for bankruptcy, due to rising electricity, gas, and oil prices as well as increased costs of carbon emission certificates. This has led to a decrease in demand and worsened the financial crisis. Despite filing for bankruptcy, both factories continue production, with employee wages secured until October 2026 through compensation from the employment agency. Efforts are underway to find an investor to purchase the entire group or parts of it, in order to preserve the factories and those employed.
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