The Swedish whiskey manufacturer files for bankruptcy: “Taking power”

The Swedish whiskey manufacturer files for bankruptcy Taking power

The reason is that the company does not have enough cash, according to a press release from the company.

Have filed for bankruptcy

The whiskey manufacturer Mackmyra has a 25-year history, but on Monday the company decided that Mackmyra Svensk Whiskey AB should be declared bankrupt.

“The reason for the decision to file for bankruptcy is that Mackmyra Swedish Whiskey has not managed to secure sufficient liquid funds to continue operating the business primarily in the short term. In the longer term, there is great value in the company’s products, large maturing warehouses and production facilities.”, writes the company in one press release.

Have cut back on staff

In August 2023, Mackmyra notified 20 percent of its workforce.

They then began negotiations on staff reductions with various trade unions.

– We are going through the entire business and taking action. If we do it properly now, we can hopefully get some peace and quiet later, said the then chairman of the board Peter Ski to Gefle Daily when.

Had a major restructuring job

In recent years, the company has cut back on staff and carried out major restructuring work, but despite this, they cannot continue.

At the beginning of 2024, the company’s transaction bank SEB chose, without any justification, not to extend the company’s overdraft. This put the company in a more difficult financial situation, they write in the press release.

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