02.07.2025 08:42
The global economic crisis has led many companies to declare bankruptcy, and the latest brand to join this trend is Modern Çikolata, one of Turkey's significant chocolate producers. In a statement made in recent months, the company announced that it was unable to pay its workers' salaries and has filed for concordat due to financial difficulties.
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The global crisis has caused many companies in Turkey to go bankrupt, and recently, there was bad news from Modern Chocolate, one of Turkey's important chocolate producers.
APPLICATION FOR CONCORDAT
For the giant company, which has been unable to overcome financial difficulties and was reported to have not paid its workers' salaries in recent months, an application for concordat was made to the Karaman 1st Civil Court of First Instance.
THE NEXT HEARING IS ON SEPTEMBER 26
The court, which evaluated the request made for the case, issued a three-month temporary injunction decision. The court also appointed a three-member concordat commissioner board to monitor and guide the process. The next hearing of the case that will determine the fate of Modern Chocolate will be held on September 26, 2025.
"THE FINANCING ACCESS PROCESS IS AT THE FINAL STAGE"
In a public announcement made by the company in March 2025, it was stated, "As is known, the recent economic developments and challenging financing conditions have inevitably had negative reflections on our company. The process of restructuring and accessing financing, which we are intensively carrying out to overcome the current financial squeeze and establish sustainability, is at the final stage."
WORKERS' SALARIES HAVE NOT BEEN PAID FOR MONTHS
On the other hand, it has been learned that the company has not been able to pay the salaries of workers in its factories for months, and creditors requested the company's bankruptcy in May 2025 for this reason.
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