Alpine Facing Bankruptcy

People ♦ Published: June 19, 2013; 11:10 ♦ (Vindobona)

The restructuring of Austria’s second biggest construction company Alpine has failed. The enterprise therefore has to face bankruptcy.

Alpine Facing Bankruptcy / Picture: © Alpine Logo Press Photo

Efforts for an out-of-court reorganization have been terminated, and Alpine’s management now prepares to file for reorganization proceedings without self management.

“In the course of these proceedings a concept has been developed by experienced subject-matter-experts to save parts of the ALPINE Group and related employee as well as subcontractors. This concept shall be…