Waagner-Biro sets next steps to re-structuring

(Vienna, 7.11.2018) Romana Weber-Wilfert, the insolvency administrator of Waagner-Biro AG, informs that 25 employees of Waagner-Biro AG, the non-operating holding company of the Waagner-Biro Group, will be transferred to the operating subsidiaries subject to their approval. This step ensures that the individual operations have a complete organizational structure.

With regard to the future of Waagner-Biro Bridge Systems AG, intensive discussions will continue.

The operation of Waagner-Biro AG is closed. Unfortunately, 20 employees who had already been registered with the AMS as part of the early warning system last week and whose claims and receivables are covered by the Insolvency Fee Fund (IEF) could not be taken over.