After struggling with increased book sales from online rival Amazon and others, German Catholic Church-owned publishing house Wetbild filed for insolvency and placed 6,000 jobs on the line, the Financial Times reported.
insolvency
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Raiffeisen Bank International had been drubbed by bad debts in its Eastern European business as well as insolvencies and restructuring in its home country of Austria.
German DIY retail Praktiker may have filed for insolvency this week but plans to rehabilitate the company is brewing.
The Austrian construction group Alpine Bau claims insolvency, and stands to be the largest ever in Austrian history.
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