Bankruptcies are increasing

Bankruptcies are increasing: According to a statement, companies of all sizes that do not have sufficient liquidity buffers are affected: “During the Corona crisis, several hundred billion CHF in business aid flowed – including to companies that were already under pressure before Corona and only continued with this help “We were able to stay on the market”. Now the loans from the Federal Council for Reconstruction are due, and in view of the high energy and raw material prices as well as the supply chain problems and increased financing costs from the increasingly restrictive banks, these already weak companies could increasingly find themselves in liquidity difficulties. The sectors that are particularly at risk are restaurants, automotive – and in particular suppliers, the building and real estate sector, the textile industry, mechanical and plant engineering and the construction industry.

Sources (Thomas Rüegger & Eurotransporte.De)

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