109 Employees Affected by Millions of Concourses

Kronen Zeitung

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The next cut in the neck for Vorarlberg's economy: the traditional Mayer Glastechnik company in Feldkirch is broke. Despite liabilities of 10.5 million euros, the company is to be continued – provided that the more than 100 creditors agree to the restructuring plan. The restructuring plan provides a quota of 20 percent, payable within two years. The financial resources for this are to be generated from the ongoing operation, according to the cre…