Get the latest tech news
Germany Sees Company Bankruptcies Soar
Germany's Federal Statistical Office (Destatis) on Friday said 5,209 companies filed for bankruptcy in Germany in the first three months of 2024 -- with the trend expected to continue. From a report: Experts think the number of corporate insolvencies in Germany will increase to about 20,000 cases th...
From a report: Experts think the number of corporate insolvencies in Germany will increase to about 20,000 cases this year as part of a longer-term pattern. The coronavirus pandemic period itself saw special, temporary regulations introduced and low insolvency rates. The transport and warehousing sector accounted for most insolvencies per 10,000 companies, with 29.6 cases at the start of 2024.
Or read this on Slashdot