Long way to the money

Insolvency Fund closes Salzburg office

(Bild: Christoph Hardt)

The service center of the insolvency compensation fund wants to close its Salzburg branch. For employees affected by bankruptcy, this means a more difficult path to their money.

Inflation, late effects of coronavirus, economic downturn. More and more companies in Salzburg are also running into problems that often lead to bankruptcy. In the first quarter of 2024 alone, there were more than 100 insolvencies in the province, affecting around 1,000 people. Into this situation comes news that makes it more difficult for many who are affected by insolvency.