Rising Bankruptcies: Companies Struggle to Survive Insolvency Proceedings

Rising Bankruptcies: Companies Struggle to Survive Insolvency Proceedings

Reno, Staples, Windeln.de After filing for bankruptcy, more and more companies are threatened with the final end. (Photo: dpa (2), Imago) Düsseldorf More and more companies have to finally shut down operations in insolvency proceedings. Of the 227 large companies that became insolvent in 2022 and filed for bankruptcy, only 42.9 percent could be saved … Read more

Galeria Karstadt Kaufhof: These 52 Galeria branches are to be closed

Gallery-Branch in Chemnitz The company intends to close numerous locations in order to make restructuring possible during insolvency proceedings. (Photo: dpa) Dusseldorf, Essen The department store group Galeria Karstadt Kaufhof published the long-awaited list on Monday of which branches will be closed and which will continue. According to this, only 77 locations are to be … Read more

Press: Job cuts at Ford in Cologne

KÖLN The “Bild” had previously reported on a possible job cut. You published the invitation to an extraordinary works meeting for the approximately 14,000 employees in Cologne this Monday. “The situation is coming to a head,” it says. It’s about the future of Ford in Cologne. A company spokesman declined to comment on Friday. According … Read more

This is behind the airline’s entry into ITA

Frankfurt, Rome The Swiss shipping group MSC wants to buy the Italian airline ITA Airways – with Lufthansa as a partner at the side. Memories of the long suffering of the predecessor airline Alitalia are awake: Several times, companies from outside the industry should bring the rescue there, such as the state railway company Ferrovie … Read more

Siemens Energy withdraws from hydropower JV with Voith

– Siemens Energy plant in Mülheim-Ruhr Siemens Energy announced on Friday that it had agreed not to disclose the purchase price for 35 percent of the shares in the specialist for hydroelectric power station generators. – (Photo: imago images/Udo Gottschalk) – – – – Düsseldorf The energy technology group Siemens Energy is withdrawing from the … Read more

Economy, trade & finance: Renault is more confident

– Renault had made a record loss of 8 billion euros in the Corona crisis in 2020. The pandemic exacerbated existing home-made problems – de Meo had started to get the French returns back on track. The increasing car prices on the market are accommodating the car manufacturer, de Meo expects further price increases. The … Read more

Verdi calls for a company collective agreement because of Saturday work

– Commerzbank Jörg Hessenmüller is the fourth member of the Management Board to leave Commerzbank within a year. – (Photo: Reuters) – – – – Frankfurt The Verdi union is demanding extensive assurances for employees when the Commerzbank is being rebuilt. “We asked Commerzbank to negotiate a company collective agreement in addition to the industry … Read more

“We believe in the resilience of this city”

– New York It was an emotional moment for Christian Sewing. The head of Deutsche Bank rang the closing bell on the floor of the New York Stock Exchange (NYSE) on Tuesday. This marks the 20th anniversary of the bank’s listing in New York. The Frankfurt Institute was the first company to be listed on … Read more

Robotaxi company Cruise secures billion dollar loan from General Motors

– Cruise Cruise presented its prototype called Origin in early 2020. – (Photo: dpa) – – – – San Francisco The robot car company Cruise receives a billion-euro loan from its parent company General Motors and builds the first test vehicles for its driverless taxis. With the GM credit line of five billion dollars (4.1 … Read more

Commerzbank expects to lose 1.7 million customers by 2024

– Berlin The CommerzbankAccording to a media report, management expects to lose 1.7 million customers by 2024 in the course of the planned corporate restructuring. “Welt am Sonntag” reports that with reference to the bank’s environment. The bank lost around 300 million euros in income due to the departure of customers by 2024. This should … Read more