The 2023 insolvency statistics have been published and show: 611 Styrian companies went bankrupt this year. The construction industry and retail are under pressure.
Interest rates have risen, as have the costs of materials and labor. The construction industry is currently experiencing a downturn. While more companies are generally sliding into insolvency than in previous years, some sectors are particularly affected, in addition to trade and the hotel industry, construction is also the case. Exactly 100 companies in this sector became insolvent this year, as figures from KSV 1870 show. “Project developers in residential construction and subsequently the construction companies commissioned with them are hit particularly hard here,” analyze the Styrian credit protectors. “While overfull order books were able to hide the problems in the past, the construction industry is slowly but surely being hit with full force.” says René Jonke, head of the southern region.More unemployed as a resultOne consequence: companies are sending their workers into seasonal unemployment earlier than was the case in previous years, says the Styrian AMS boss Karl-Heinz Snobe to ORF Steiermark . He also expects that companies will then leave these workers in seasonal unemployment for longer and only hire them again later – only when the order situation has leveled off. Of course, we don’t know when that will be. Snobe expects significantly more unemployed people in the state in the new year.if(!apaResc)var apaResc=function(a)var e=window.addEventListener?”addEventListener”:”attachEvent”,t,n;(0,window[e])(“attachEvent”==e?”onmessage”:”message”,function(e)if(e.data[a]) for(var t=document.getElementsByClassName(a),n=0;n!=t.length;n++) t[n].style.height=e.data[a]+”px”,!1); apaResc(“apa-1621-23”);In total there were 611 company bankruptcies and 1048 personal bankruptcies. On average, insolvent private individuals have debts of 102,000 euros that they can no longer service. In general, Jonke assumes that the number of private bankruptcies will rise again due to the persistently high costs: “We know from experience that private bankruptcies usually result in a certain delay occurs. In economically turbulent times, corporate bankruptcies rise first, followed by private bankruptcies.”
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