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Alpine: Austrian Ministry of Finance Rejects Waiver
Although the banks reached an agreement, the restructuring of the Austrian construction group may collapse.
Alpine: Austrian Ministry of Finance Rejects Waiver / Picture: © Alpine Logo Press Photo
Yesterday, the creditors of the Austrian construction group met to discuss Alpine´s restructuring concept. Until 2015, Alpine wants to record profits again. The construction company employs 15,000 workers and has recorded revenues of € 2.0bn last year. In the next years, Alpine´s management plans to cut about the half of the jobs. In addition, Alpine is expected to generate sales…
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