Summa Defence Oy - For Security of Supply

From the Kauppalehti forum:

”Let’s do a recap of the payment delays, with a real surprise at the end.

At Lännen Tractors, the delays are roughly the same; there are nearly 30,000 euros in debts in collection here and there.

Uudenkaupungin Työvene is about to have its electricity cut off, as over 20,000 euros of the more than 40,000 euros in payment delays are electricity bills—specifically for transmission, as I understand it. Good luck welding a boat together then, or will they bring a ‘mehumaija’ (juice steamer) from Loimaa to run a generator if some entrepreneur-led gas station still gives them fuel on credit?

The drone company’s parent still has the same 23,000 euro set in collection. Some of these have been outstanding for so long that a bankruptcy petition might soon slide into the district court.

Summa Defence itself still has the assumed rents on its tab, but a real bombshell has now surfaced there. They have failed to pay employees’ TYEL (pension insurance) contributions, and pension companies are known to have a short fuse and an automated bankruptcy process where the system pushes out the necessary paperwork in minimum time.”

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