German employment agency sees no insolvency wave in 2023 - WirtschaftsWoche

BERLIN - Germany's federal employment agency does not expect a wave of insolvencies in 2023, with moderate insolvency benefit expenditure, the WirtschaftsWoche magazine reported on Friday.

The agency expects to spend 900 million euros ($929.97 million) next year on wage and salary payments to employees whose companies file for insolvency, according to the report.

($1 = 0.9678 euros)