Offical Partner
08.03.2006 | Christian Cahn von Seelen
6% less Insolvency Proceedings in 2005
The Federal Bureau for Statistics announced in a press release on March 3, 2006 that the number of insolvencies in Germany in 2005 was 6% less than in 2004. In absolute figures this means, that instead of 39.213 companies in 2004 "only" 36.843 had to file for insolvency in 2005. The total amount of open payables yet is at an astounding level of 23 Billion Euros.
Most significant is the reduction with the registered capital companies and partnerships like LLPs; this amounts to 13%. For small and individual enterprises as well as personal bankruptcies, the trend is opposite though. It is not possible to conclude from the available data, to what extent this is influenced by the government's recent activities to support small entrepeneurs ("Ich AG"). In any case the attempts of the coalition to modify these instruments may indicate, that they don't deliver the intended results.
However, looking at the trend for bigger companies, can the industry in Germany start to relax? Probably not. As LG Philips or Electrolux indicate, productivity and quality remain the core challenges. Even the CEO of Volkswagen, Bernd Pischetsrieder, under heavy attack from unions and parts of the supervisory board, openly admits to VW's productivity gap and continues to drive his restructuring plan.
More and more of our customers from many industries therefore employ AviX as an integrated part of their production planning. Continously delivering a 15% to 40% realized productivity improvement, it has become a cornerstone of their competitiveness.
Archieved under: PQ+ Internal