The recruitment agency Atlas Personal Management has applied for a reorganization procedure without self-administration after 20 years in the market, as the Alpine Creditors' Association announced on Monday.

110 Employees Affected by Insolvency of Recruitment Agency Atlas

The company stated its debts at around 3 million euros, with 30 creditors affected. The company attributed the insolvency to revenue declines since and during the COVID-19 pandemic. Creditors are being offered a quota of 20 percent, payable within 2 years. At the time of the insolvency opening, 110 employees were employed by the company, which provided staff to clients in industry, trade, logistics, and commerce. Wages and salaries were paid up to and including December. The recruitment agency operates locations in Fürstenfeld, Feldkirchen-Graz, and Vienna.

(APA/red)

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