Giant bankruptcy in Wiener Neustadt: Dozens of jobs in danger!

Giant bankruptcy in Wiener Neustadt: Dozens of jobs in danger!

Wiener Neustadt, Österreich - The Kostad Steuerungsbau GmbH, a company that specializes in the production of charging infrastructure for electric vehicles, has now applied for a renovation process without self -government at the Wiener Neustadt regional court. As kosmo , the company has lost its solvency, which led to a drastic reduction in the staff, which was previously reduced to currently 46 employees. Especially in the third quarter, a sales crisis, which was reinforced by restraint in the public and semi -public sector, led to the threatening situation.

The redevelopment application is a direct reaction to the precarious economic situation of the company. Kostad currently employs 21 employees and 25 workers whose salaries have already been paid for the month of March. The company is faced with liabilities of a total of 18.5 million euros that affect 150 creditors. As part of the renovation process, the creditors are offered a quota of 20 percent, which should be payable within two years after acceptance of the offers. However, this offer is initially only a formal offer, the adequacy and fulfillment of which still have to be checked.

industry problems and economic context

A look at the market shows that the industry change has been identified by KSV1870 as the main cause of the economic problems of many companies since March 2024. This has led to an increase in corporate insolvencies. According to EY , high bankruptcy figures are still forecast, although positive factors such as the declining inflation and stabilized energy and material prices could stir up a certain optimism.

economic experts warn of negative factors that could endanger consolidation. Rising energy prices by leaving the energy price brake, increase in CO2 prices and uncertain economic developments could be significant burdens for companies. In particular, the "Advanced Manufacturing & Mobility" sector, in which Kostad is active, is faced with challenges regarding export demand and trade relationships, especially with China and the USA.

outlook and challenges

Despite the current difficulties, there are some signs of possible recovery. IHS predicts growth of 0.7 percent, mainly driven by increased consumer trust and a recovery in industrial production in Europe. But risks such as economic uncertainties and possibly increasing inflation rates could also burden the forecast.

In a time when many companies, including Kostad Steuerungsbau GmbH, have come under pressure, the companies have to adapt to the changed market conditions. The next steps in the renovation procedure will be crucial to secure the future of the company and to help him pass in a rapidly changing market environment.