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The company is active in job placement and hiring out workers. According to the bankruptcy filing, PeWorks’ larger customers are insolvent. These payment defaults could not be offset by other orders. This is reported by the Alpine Creditors Association.
In addition, there has been an above-average number of employees taking sick leave in the last two years. The debtor also had to contend with a shortage of skilled workers.
- Read here: Linz jeweler went bankrupt
The support services in the form of AWS funding in 2023 improved the financial situation for a short time, but ultimately did not prevent insolvency. According to the Alpine Creditors Association, the company is currently only being operated to a very limited extent due to the lack of liquidity.
The liabilities are stated at 1.1 million euros, 37 creditors are affected. The company is scheduled to close.
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Source: Nachrichten
