Hundreds of jobs in jeopardy
Building materials retailer Quester has to file for insolvency
The wave of bankruptcies rolls on. Once again, a long-established company is in a tailspin. At the building materials company Quester, 314 employees are fearing for their jobs. Negotiations with potential investors are underway.
This news has shaken the construction industry: Quester is insolvent. This affects 400 creditors and 314 employees in 18 branches. According to the credit protection agencies Creditreform and KSV1870, assets of 7.5 million euros are offset by liabilities of 50 million euros. The creditors are being offered a quota of 20 percent.
Founded in 1934, the family business has changed hands three times since 2005 and has been owned by German turnaround specialist Callista Private Equity since June 2025.
Intensive talks are already being held with investors and the associated financing for the restructuring plan. "The reasons for the tense financial situation are primarily due to the ongoing negative development of the construction industry and the associated decline in sales volumes, turnover and earnings," Quester said.
"Krone" site inspection in Döbling branch
At the building materials retailer in Vienna's Heiligenstädter Straße, it is not obvious at first glance that the bankruptcy vulture is circling. Many customers are unsuspecting. "I can't imagine it. I come here every day, the site is always very busy," says Elie Motran from the construction company Experdit, who is loading his truck.
A gloomy mood among employees
The mood among the employees is gloomy. "We found out at very short notice, a works meeting has been announced, but it doesn't look good," says one employee.
Salaries for October still outstanding
Quester can no longer pay the October salaries. The state insolvency compensation fund is stepping in, albeit belatedly, financed from the non-wage labor costs.
GPA Vienna chairwoman Bettina Wucherer announces full support for the employees. The Chamber of Labor states that restructuring proceedings do not end the employment relationship of the employees.
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