IT services provider S&T said it would cease its German operations. The move, to be completed in the first half of 2011, will affect 45 employees. The decision was triggered by the fact that the business in German-speaking countries was not as good as in eastern Europe.
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Steel maker Voestalpine plans to issue a bond in the three-digit million euro range in the first quarter of 2011. The company said it would target private and institutional investors with the move. Further details to be announced soon.
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The restructuring proceedings concerning collapsed PC and console game developer JoWooD were launched at the Vienna's commercial court. Now the insolvency administrator will have to find out whether the company will be able to continue operations. In addition, the Vienna Stock Exchange said that shares in JoWooD will resume trading as of Jan 11.
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