Sunday, October 2, 2022

“Zombie Companies” Go Bankrupt

There are no encouraging figures for Switzerland. There has been an increase in the number of insolvent companies in July compared to the same month last year. At the same time, the number of companies newly entered in the commercial register has decreased.

Notably, 348 companies across Switzerland went bankrupt in July. That’s in line with a 26 percent increase from the same month last year, data from business information service Dun & Bradstreet showed. The reason for the growth is the companies that survived the Corona period only because of state funds. “The companies were kept alive artificially. Now it turns out that without artificial support these corona zombies cannot exist,” Dun & Bradstreet told Blick.

Nation World News Desk
Nation World News Desk
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