After a record year
How insolvencies affect the labor market
Difficult economic conditions, the consequences of the coronavirus crisis and the war in Ukraine - a dangerous cocktail that led to a record year of insolvencies in 2024. Krone+ took a look at why the many insolvencies have hardly had any impact on the workplace so far, but why problems will arise in the long term.
Kronen Zeitung als bevorzugte Google-Quelle hinzufügen 4158 companies filed for insolvency in 2024. This does not even include the 2,400 insolvency proceedings that were not even opened due to a lack of assets. A record year that can be attributed to several factors. "Part of the failure is due to the late admission of failure," says Karl-Heinz Götze, Head of KSV1870. "It doesn't matter whether these are corporate or personal insolvencies. The level of debt develops over several years. You can get over it for a while, but at some point you reach the point where it's no longer possible." This point was reached in 2024 for 4158 companies.
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