The logo of the mechanical engineering company Manz at its headquarters in Reutlingen. Bernd Weißbrod/dpa German multinational machinery maker Manz announced from its Reutlingen headquarters on Wednesday that it is to apply for insolvency. The company’s executive board took the decision on account of inability to pay its bills and high debts. The application is…
Germany’s Manz machine maker to apply for insolvency MSN Read the original article here
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The application for insolvency proceedings is expected to be submitted in the coming days following a decision by the company’s management board. The move was triggered by the withdrawal of financial support from Manz AG’s creditors. Independently of this, Manz is also over-indebted under insolvency law. “In recent weeks, the Management Board has been in…
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Pay growth across the UK has picked up, ending the recent slowdown in earnings, even though fewer vacancies are available for workers across the economy. New data from the Office for National Statistics this morning show that average…
Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales was 1,966 in November 2024, 13% higher than in October 2024 (1,743) and 12% lower than the same month in the previous year (2,243 in November 2023). The business insolvencies consisted of 254 compulsory liquidations, 1,565…
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