Home » Bankruptcy: Steakhouse chain Maredo fires employees

Bankruptcy: Steakhouse chain Maredo fires employees

by alex

Maredo now has to fire almost all employees after the corona-related closings. You can no longer pay wages and salaries.

“Today” reported on the bankruptcy of the steak house chain Maredo in the summer. The time had come at the end of June: the chain had to close two restaurants in Austria – in Vienna and Salzburg. The bankruptcy affected 51 employees and more than 50 creditors.

Now it is finally over: the chain has to make a radical cut and lay off its employees. According to the media, this emerges from an “employee information” from the management of Maredo. The reason is the scarcely available liquidity for the payment of wages and salaries. The letter to the staff stated that they had been forced to take the step. Because state economic aid had not been approved, “we are now running out of time”. All rental contracts were also terminated on December 31st, and now the staff is also affected.

The chain had already filed for bankruptcy in March of last year. Of 35 restaurants, 15 were closed. Almost half of the approximately 950 employees had to leave the company at the time. Then things went up, according to the insolvency administrator. At the beginning of November, however, there were again corona closings, which meant the death knell for the steak house chain.

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