The number of corporate insolvencies in Saxony rose again last year. According to the State Statistical Office, 867 companies filed for insolvency. This is a significant increase on the previous year's figure of 747 insolvency proceedings filed. This continues the increase of the past four years. Last year, 6,387 employees were affected by insolvencies (2023: 5,486).
Particularly affected: Trade, transport and hospitality
Companies from the trade, transport and hospitality sectors were particularly affected, with a total of 275 insolvencies, as well as business services with 257 proceedings. The manufacturing industry also recorded a high number of insolvencies with 237 cases.
In contrast, public and private service providers (93 cases) and companies in agriculture, forestry and fishing (5) were hit much less frequently. A total of 6,387 employees were affected by the insolvencies.
