Overview
- An official court notice confirms Eichbaum has applied for insolvency proceedings, with the Mannheim district court ordering preliminary self-administration.
- A court-appointed supervisor will oversee management during the process, allowing the company to remain operational while it restructures.
- More than 300 employees are affected, and the works council and NGG union voiced cautious confidence about preserving jobs and the Mannheim site while urging full transparency.
- Staff were informed of the impending filing at an October 28 meeting, where the absence of management and the announcement were described as a shock.
- The sale of the Karamalz brand and production to Veltins days earlier did not generate enough liquidity to stabilize the brewer as beer consumption declines and non-alcoholic segments grow.