Prior to the bankruptcy, Codema was ‘seriously weakened’ by ‘poor management.’ This is the conclusion drawn by the trustee after completing its investigation into the causes of the bankruptcy. In a new report.
Because of the problems that had arisen, work was necessarily taken on under cost price, resulting in high failure costs and mounting losses. To straighten things out, a new management, with a new capital investment, chose to pursue an internationalization course. The aim was to catch up with rapid growth.
At the expense of home markets
That growth was less stable than expected, and the new course turned out wrong. The new course was to the detriment of home markets, and the trustee also states that it would have been better to …
Read the full article at: https://www.hortidaily.com/article/9542220/seriously-weakened-codema-forgot-home-markets/