More and more people are losing their jobs due to Employers filing for bankruptcy

jobJob.Photo: Pixabay

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Three times as many people have lost their jobs as a result of bankruptcies since Norway shut down on March 12, compared to the same period last year.

A total of 6,564 people lost their jobs during this period, compared to 2,518 in the same period in 2019. This is an increase of 261 per cent.

Christian Aandalen of Fair Group writes that bankruptcy growth over the past month is 15 percent compared to the same period last year.

From the middle of May you can see the beginning of a long wave of bankruptcy. In week 25, 83 companies went bankrupt, and last month a total of 332 companies went bankrupt.

The government on Friday decided to reduce the collection fees, but this mainly applies to claims of less than NOK 500.

There are cuts in fees on larger cases that are needed to ease the debt burden of those who have payment problems, writes Aandalen.

© NTB Scanpix / #Norway Today

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