Reich-Austria GmbH goes bust

I read an article the other day on the internet side “austriantimes.at” and it talks about the Reich-Austria GmbH.

I thought you might be interested because Reich-Austria is an Austrian firm.

Basically what it says is that Reich Austria GmbH has started bankruptcy proceedings.

Reich-Austria GmbH, based in Styria, had debts of around 37 million Euros and more than 800 creditors.

AKV said the proceeding would affect 260 of 290 employees in Austria and 90 in Germany.

Reich Austria goes bust because of the recession.

See the original article click here