The workshop in Werndorf in Upper Austria was closed, as well as the one in Wels, as well as a service office in Vienna – these measures are all intended to ensure that Christof Industries Austria continues. The renovation process at the factory manufacturer has been underway since the end of September. According to the creditor protection associations, the liabilities at the time amounted to about 66 million euros.
One of them is “beyond expectations” – this was announced yesterday by Christof Industries Austria after the reporting and audit statute at the Graz Regional Court. With the closure of the workshops in Werndorf and Wels (in Upper Austria, the measure also affects apprentices who have to leave the company) and the service office in Vienna, visible restructuring measures have already been implemented.
Talks with strategic investors are ongoing
Bankruptcy trustee Alexander Isola reports that more than 70 million euros in claims have been registered. More than 50 million euros were also recognized. According to Isola, the company’s survival is assured. Now the group of companies needs to be stabilized. Talks have started with strategic investors – not only in Austria, but also worldwide. Christof Industries Austria employed about 350 employees when insolvency proceedings were opened, most of them in Wels.
Source: Krone
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
