German‑Austrian insolvency surge and job cuts

Timeline

1. 2 days ago

   [BUSINESS] 6 sources

   Germany faces record corporate bankruptcies and massive job cuts

   Germany's corporate bankruptcies surged 80% in June, the highest in two decades, prompting up to 100,000 job cuts at Volkswagen and similar layoffs across the auto and industrial sectors, while new firms rise

2. 11 days ago

   [BUSINESS] 6 sources

   Poland and Germany face rising corporate bankruptcies in early 2026

   Poland’s insolvencies stayed steady while Germany recorded a 4,900‑firm bankruptcy surge in Q2 2026, with transport, logistics, hospitality and photovoltaic sectors hit hard.

3. 15 days ago

   [BUSINESS] 14 sources

   Germany records highest number of company insolvencies in 21 years

   German company insolvencies hit 4,996 in Q2 2026 – a 21‑year high – impacting ~45,500 jobs; the industrial sector loses about 15,000 jobs per month.

4. 17 days ago

   [BUSINESS] 15 sources

   Germany sees 21‑year high in corporate insolvencies in Q2 2026

   Germany recorded 4,996 corporate insolvencies in Q2 2026 – the highest since 2005 – with a 7 % rise in April and sectors like transport, hospitality and construction hardest hit.

5. 25 days ago

   [BUSINESS] 6 sources

   German corporate insolvencies rise 5% in first half of 2026

   German corporate insolvencies hit ~5,940 in H1 2026, up 5 % YoY, while consumer cases stayed flat at ~53,850; analysts cite weak demand, high costs and geopolitical uncertainty.

6. 29 days ago

   [BUSINESS] 2 sources

   Insolvent German packaging firms Forewood and Durotherm acquired

   Sensoplast bought Forewood's assets and Swissplast acquired Durotherm's German operations, preserving jobs and continuity in the German packaging industry after both firms entered insolvency.

7. about 1 month ago

   [BUSINESS] 2 sources

   German corporate insolvencies rise to highest level since 2013

   German corporate insolvencies are set to hit 12,900 in early 2026, a 6 % rise and the highest since 2013, driven by high energy costs and the Middle‑East conflict, with recovery unlikely before 2027.

8. about 1 month ago

   [BUSINESS] 4 sources

   German firms An Wa Transporte and Frischfaser Karton file for insolvency

   Two German firms—logistics provider An Wa Transporte and cardboard maker Frischfaser Karton—entered insolvency in June 2026, with court‑appointed administrators overseeing creditor claims and asset protection.

9. about 1 month ago

   [POLITICS] 3 sources

   Austria to reclaim unlawfully granted COVID‑19 subsidies from businesses

   Austria's Supreme Court says COVID‑19 aid over €2.3 million per corporate group is illegal, ordering repayment and threatening company solvency.

10. about 1 month ago

    [BUSINESS] 4 sources

    Austria sees surge in corporate bankruptcies and drop in global competitiveness

    Austria recorded 3,401 corporate bankruptcies in early 2026 (~19 daily) and slipped to 29th in the 2026 IMD World Competitiveness ranking, reflecting deepening economic challenges.

11. about 1 month ago

    [BUSINESS] 4 sources

    Germany sees surge in corporate and consumer insolvencies in March 2026

    Germany recorded 2,308 corporate insolvencies in March 2026 (+15.8% YoY) and 7,462 consumer filings (+18.9%). Q1 filings rose 6.5% for firms and 6% for consumers, with creditor claims dropping to €9.3 bn.

12. about 2 months ago

    [BUSINESS] 3 sources

    German firms see surge in provisional insolvency proceedings

    German courts named dozens of firms under provisional insolvency in late May‑early June 2026, while overall insolvency filings fell 15% in May to 1,518, with transport firms hit hard by fuel price spikes.

13. about 2 months ago

    [BUSINESS] 2 sources

    Austria Supreme Court orders COVID‑19 aid repayments to firms

    Austria's Supreme Court ruled COVID‑19 subsidies breached EU rules, ordering firms to repay illegal aid, sparking worries of insolvencies and a multimillion‑euro recovery for the state.

14. about 2 months ago

    [BUSINESS] 4 sources

    European firms face insolvency wave as courts order COVID aid repayments

    Austrian courts demand COVID aid repayments, sparking insolvency fears, while German experts warn a similar wave of bankruptcies as aid is reclaimed, threatening jobs in both countries.