Financial debacle in Tyrol – 700 GemNova jobs disappeared: answers to the mega-bankruptcy

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The reorganization of the insolvent service company of the Tyrolean community association failed miserably: bankruptcy! 700 employees are affected by the mega-bankruptcy. But who or what is the GemNova anyway? What does she do and why has she accumulated such a mountain of debt? We provide the most important answers!

GemNova is bankrupt, what will happen to the employees and the neighborhood association?
The municipal service provider GemNova is a 100 percent subsidiary of the Tyrolean Association of Municipalities, which is more or less single-handedly led by President Ernst Schöpf – who is also mayor of Sölden. The same applies to subsidiary GemNova, with the difference that Schöpf had installed a director here with a reported gross annual income of 250,000 euros. The country wants to make offers to most of the 700 employees.

Source: Krone

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