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According to its Employees, S&T is “Ripe for Bankruptcy"

Published: April 27, 2011; 07:17 · (Vindobona)

The leadership of the troubled Viennese IT company is trying to hide an impending bankruptcy according to the company’s employees.

According to its Employees, S&T is “Ripe for Bankruptcy" / Picture: © S&T Austria GmbH

S&T cannot afford to rest. After the restructuring conversations with the banks seemed to have come to an end, bankruptcy proceedings were undertaken in Germany and Switzerland. Proceedings against the management in Germany are already under way.

A denunciation by a group of employees and small shareholders has now been submitted to the Austrian public prosecutor's, alleging…

This article includes a total of 201 words.

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