Germany's "DieWelt" quoted a research report from Alvarez Marsal, a corporate restructuring consultancy, on the 12th, saying that up to 25% of the more than 6,000 machinery manufacturers in Germany may go bankrupt.
The study believes that the reason for the bankruptcy of many companies is due to the sharp decline 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 undergo extensive restructuring.
The study believes that the reason for the bankruptcy of many companies is due to the sharp decline 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 undergo extensive restructuring.
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