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عكس السير
Germany's car dealer bankruptcy affects 1000 employees
The German Wahl Group, which operates 31 car dealership branches and sells 16 brands, announced that it has filed for bankruptcy for six of its subsidiaries. This comes amid increasing pressures on the German automotive sector, with the company attributing the crisis to rising costs and declining sales, along with customer reluctance due to higher living expenses. Operations will continue at the branches for now, with employee salaries temporarily covered through bankruptcy assistance until the end of November, as efforts are underway to reorganize and save the business without yet determining whether branches will be closed or jobs eliminated during the restructuring process.
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