Rise in bankruptcies of Swiss companies

Company bankruptcies in Switzerland skyrocketed in the first nine months of the current year. According to figures released by the business information service Dun & Bradstreet on Wednesday, 4,475 corporate insolvencies were filed during this period. This was 16% more than in the same period last year. + Get the most important news from Switzerland in your inbox The number of insolvencies rose particularly sharply in south-western Switzerland (26% rise) while Central Switzerland recorded an increase of 22%, Eastern Switzerland recorded 19% and Zurich registered 17%. Looking at the developments in the various sectors, the sharp rise in company bankruptcies in the automotive industry (+47%), architectural firms (+40%) and companies in the entertainment and leisure industry (+33%) was quite significant. In contrast, insolvencies in the construction industry fell by 35% and in wholesale by 10%. Slightly more start-ups Not only were there more bankruptcies in the first nine months of ...