by Anna Filatova
04/24/2002 | 11:58 PM
Well, it seems completely impossible to find out what’s going on with ELSA. Hardly has some time passed since I supposed that things had more or less settled down for ELSA, as this respected German site reported just the opposite: ELSA AG is to start firing its employees on May 1. Then the guys mentioned ELSA’s existing loans exceeding 38 million Euro, and the fact that all the banks refused to credit the company (this fact has been known since February, actually). And the title of their story is even sadder: "ELSA in the end of the way"…
In fact, employment layoffs do not imply the company’s bankruptcy, and there hasn’t been any official announcement made yet. By the way. Most experienced ELSA employees were invited to work for PNY, which can be the one to buy ELSA. In general, let’s wait for more info as we cannot build the entire picture that easily now…