Waagner-Biro daugther SBE Alpha AG files for bankruptcy

Waagner-Biro AG announces that today one of its subsidiaries, SBE Alpha AG, has applied for insolvency proceedings. The remainder of the group is in danger of insolvency. The aim is to enable the continued existence of individual parts of the company.

For reasons of due diligence, the 107 employees of SBE Alpha AG were therefore registered at the AMS Vienna on their early warning system today. Any claims of employees of SBE Alpha AG are secured by the Insolvency Fee Fund (IEF).