Nordhorn: Gussek Haus reports bankruptcy - construction projects continue

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In Germany, the construction system is delivered to a dramatic decline, which has brought several companies into difficulties. The industry recently experienced another significant setback with the bankruptcy application of the prefabricated house provider Gussek Haus from Nordhorn. With its 400 employees, the company is not the only one that is affected by the ongoing wave of bankruptcy that extends through various industries.

The economic Situation in Germany is tense. A look at the corporate landscape shows that the construction and supply sector in particular has massive problems. Gussek Haus, which was founded in 1951 and is under the direction of Frank Gussek, has established itself over the years as a respected provider in the prefabricated house industry, with an annual sales of up to 300 newly built houses. Although the company is active in Germany, Switzerland and the Benelux countries, it was unable to feel the effects of the rising interest and high construction costs.

continuation of the construction projects

The bankruptcy application has been made public and the appointment of insolvency administrators has already been made. Stefan Meyer and Christian Kaufmann took responsibility to manage the situation. Despite the bankruptcy, the current construction projects from Gussek Haus will continue as planned. This gives the affected customers at least a certain certainty that their construction projects will not stall.

at a time when the construction industry is fighting with a decline in orders, this example is symptomatic of a larger trend reversal. The bankruptcy wave does not only affect construction companies; In August, many companies from different sectors had to register bankruptcy, including a market leader in the supplier industry and several food producers. The general economic uncertainty runs like a thread through the reporting on the German economy and makes better times appear in the distance.

causes and outlook

The management consultancy Falkensteg reports that the number of bankruptcies has remained on a “worrying state” in recent months, even if the situation stabilized somewhat in the second quarter. Jonas Eckhardt, a study author at Falkensteg, attributes the high number of bankruptcy to persistent economic weakness and rising interest rates in corporate loans. In addition, many companies fight with payment problems of their own customers, which also tightens the situation.

A new trend indicates for the second half of the year. Experts expect a "storm of company bankruptcy". Jürgen Matthes, Head of International Economic Policy at the German Economy Institute, speaks of a toxic mix of high energy prices and a general demand crisis that puts companies under pressure. In addition, there are international risk factors such as unstable supply chains and geopolitical tensions that could also burden the trade balance.

The bankruptcy of Gussek Haus is another signal in a chain of economic setbacks that Germany keeps in chess. Interested observers should carefully pursue the development of the construction projects and the reactions of the market in order to be prepared for future changes in the industry.