Zurich, 25 November 2020
Elektrizitäts AG EAGB is currently subject to a temporary debt restructuring moratorium. If no other solution is found by the beginning of December, some 190 employees, including 37 apprentices, are likely to lose their jobs.
In order to save most of these, Burkhalter Holding AG is establishing a rescue company ("Auffanggesellschaft"), Elektrotechnik AG EAGB, based in Basel. It is planning to transfer over more than 90% of current employees and has guaranteed that they will receive their November salaries. It also intends to take on a large number of ongoing orders.
Elektrotechnik AG EAGB is to be headed in future by managing director Norbert Höferlin, who spent many years as an area manager at ETAVIS AG, sits on the executive board of ETAVIS Kriegel+Schaffner AG and, since 2018, has been customer service manager at Elektrizitäts AG EAGB.
Burkhalter Holding AG's project has been discussed in advance with the administrative receiver that has been appointed. The judge in the debt restructuring proceedings is expected to decide on 4 December 2020 whether it can go ahead as planned.
We will keep you informed of further developments as soon as a decision has been made on the matter.
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