German system furniture manufacturer, IRO Möbelfabrik, based in Oelde, has been forced to declare insolvency. This announcement comes amidst a wave of insolvencies sweeping through the sector, impacting not only IRO but also its sister company, Möbeltechnik Rose, and leaving a total of 72 employees uncertain about their future. The news was reported by the local newspaper Die Glocke.
Photo: IRO Möbelfabrik
Challenging economic and societal conditions had led to this difficult decision. Still, the company expressed confidence in the quality of the furniture and remains committed to its future. They're dedicated to the continuation of the business, founded in 1923 as a humble carpentry workshop. However, the final decision regarding the company's fate rests with the insolvency administrator.
The news of IRO Möbelfabrik's insolvency underscores the ongoing struggles faced by players in the furniture industry, with economic uncertainties and market challenges continuing to disrupt businesses across the sector. As the company navigates through this challenging period, stakeholders, including employees and customers, await further developments and decisions from the insolvency proceedings.
Source: www.die-glocke.de