Insolvency shock for 106 employees: two transport companies affected!
Insolvency shock for 106 employees: two transport companies affected!
Unterkohlstätten, Österreich - In a painful step, TCS Cargo GmbH from Unterkohlstätten and TCS Rent GmbH from Krumbach made bankruptcy applications. This affects over 100 employees from the financial difficulties. TCS Cargo has a liabilities of 5.8 million euros, while TCS has to deal with 3 million euros, as Kurier . In total there are 106 employees: in concern for their future, 104 of them work at TCS Cargo and only 2 at the sister company TCS Rent.
Both companies have already submitted applications for renovation procedures without self -administration at the Wiener Neustadt regional court. According to KSV1870, the opening of the procedures will soon be expected. The reasons for the bankruptcy are varied, but especially the current, difficult overall economic framework and the persistent effects of the Ukraine War play a crucial role.
renovation becomes a challenge
The companies each propose a renovation plan that provides for a rate of 20 percent within two years. This plan is to be financed through the continued operation of the companies. However, it is more than questionable whether this plan will open. This is also evident in the fact that the future of the two freight forwarders and the chances of success of the restructuring are uncertain.
The location for around 90 creditors from TCS Cargo and the 35 creditors from TCS Rent is particularly explosive. A fair balance is sought here, as the Statista . Insolvency essentially means that a debtor can no longer fulfill his payment obligations. In many cases, the bankruptcy proceedings help to create a fair compensation between over -indebted debtors and their creditors.insolvencies in the Austrian context
The situation in Austria is not isolated. While around 17,814 corporate insolvencies in Germany were registered in 2023, the trend is currently also noticeable in Austria. The situation is tense, which is reflected in a slight increase in bankruptcies. However, one also has to consider that for many of those affected not only the financial resources are at stake, but also the group of employees who are uncertain about their future professional future.
The bankruptcy regulations regulate the disputes by courts, which of course also applies to the TCS companies. It remains to be seen which measures are taken in the course of the procedures in order to counteract the difficult situation. The need for action is given, and the focus is now on the decision -making processes that both the companies and their employees concern: inside.
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| Ort | Unterkohlstätten, Österreich |
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