Sponsored Content
Austria: Alpine Bankruptcy Caused Further Enterprises to Go Bust
Politics ♦
Published: October 16, 2013; 16:35 ♦ (Vindobona)

Alpine’s bankruptcy has caused thirteen enterprises to slip into insolvency so far. Half of the companies are currently fighting for continuation, according to credit protection agency KSV 1870.

The enterprises affected employ 313 persons and their liabilities amount to € 14.6m. According to KSV 1870 (Kreditschutzverband von 1870), six companies intend to cut debts by strict austerity measures. Experts at the credit protection association point out that a chain reaction of the Second Republic’s biggest bankruptcy stayed away. Initially, KSV has identified “at least 80…
or Log In
Fast News Search