Growing numbers of bankrupting meat companies

More than a hundred meat companies’ liquidation was started in August. Since last October, more and more larger companies are wound up, leaving a growing number of unemployed and unpaid subcontractors, behind them.

According to Opten Ltd.; Until the end of August, 67 meat companies has been winded up and 114 liquidated. This year's largest financial collapse was the bankruptcy of Herz Salami Ltd. The company's liquidation began in late May, after the non-succesful agreement with the CIB Bank about fundings. The company dismissed more than 300 employees and since then, failed to obtain new credit for the operation, the production has stopped – reports napi.hu.