Insolvency shock: Voere Holding closes after 16 months of crisis!

Insolvency shock: Voere Holding closes after 16 months of crisis!

Voere GmbH is in front of the final one! The company, which emerged from Voere Holding GmbH in 2008 and worked in the manufacture of machines for semiconductor production, is confronted with serious financial difficulties. According to information from 5min.at , the reason for the bankruptcy is a massive decline in the semiconductor market, which has been going on for 16 months. The company still has almost 270 creditors and around 65 employees who now have to worry about their future. The financial circumstances are alarming, with assets of around 758,000 euros, which must be weighed against liabilities of 5.2 million euros.

shock for the workforce

The company's closure has a huge impact on the employees concerned. In view of the Situation, the employees now have to search for new jobs, while the creditors are waiting for their demands. The current position of the company, which is active in several future sectors, is particularly depressing, including mechanical engineering, optical industry and medical technology. The bankruptcy could have far-reaching consequences, especially in an area where high-quality technologies and skilled workers are urgently needed, as well as Eurostat shows that many European companies are fighting with similar challenges.