German machinery manufacturing industry may experience large-scale bankruptcy

by:Gewinn     2022-05-20
German 'DieWelt' (DieWelt) quoted a research report by the corporate restructuring consulting firm AlvarezMarsal on the 12th, saying that up to 25% of Germany's more than 6,000 machinery manufacturing companies may go bankrupt. According to the research, many companies went bankrupt because of the sharp drop in the number of new orders; the research report believes that the market has not yet bottomed out, and the German machinery manufacturing industry may soon see a large-scale restructuring.
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