Deloitte has issued its first receivers’ reports on five companies in the insolvent labour recruitment hire business ELE from which around 1000 were sacked.
The Crown’s preferred bidder for the insolvent Whakapapa skifield has walked away from negotiations, throwing the future of skiing in the North Island, and.
Statistics Finland on Wednesday said a total of 3,293 companies have been declared bankrupt in the past year, a 25-year high. Yet the number remains well below the number witnessed in the midst of the 1990s recession, a senior statistician reminded.
Finland has experienced an unprecedented number of business bankruptcies in the 48th week of 2023, with 85 companies being declared insolvent. This figure is the highest weekly total since Finland s Asiakastieto Oy began its weekly bankruptcy tracking in 2019.
According to Jaakko Nors, a product owner at Asiakastieto who specializes in bankruptcy data, by the end of this year, over 2,700 companies are projected to have filed for bankruptcy.