No. The "market" is driven by economic activity. Over time, as wages increase and economic activity expands, producers raise prices to compensate for inflationary pressure. Inflationary pressures increase demand (measured by consumers having greater income) to balance with supply as increased revenue compensates for greater costs of production.
What is happening here is the opposite of the market. Here, the government has stepped in to inflate the cost of labor to the point that the costs of production will be greater than consumer demand. When this happens, there is an imbalance as demand falls due to the inflated price while the producer doesn't receive the benefit of the inflated price to compensate for the cost of production. Choice: as mentioned in the article... out of business.
Margins are very thin in the food industry.
As said in other posts above, the firm is charged with knowledge of the risk that the cost to the firm of the factors of production, such as labor, will increase. If they calculated poorly, the miscalculation is on them. I don’t want taxpayers in Germany or here to bail them out.