Sponsored
Article Tools

Alpine: Austrian Ministry of Finance Rejects Waiver

Published: March 1, 2013; 20:05 · (Vindobona)

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…

This article includes a total of 298 words.

or Log In