Insolvency in Hesse increases at a record high - construction industry in danger!
Insolvency in Hesse increases at a record high - construction industry in danger!
In the first quarter of 2025, 494 companies went insolvent in Hesse, which corresponds to an alarming increase of 38 percent compared to the previous year. The construction industry, which recorded 92 bankruptcies during this period, is particularly affected. These numbers were reported by op-online . A total of 1655 corporate bankruptcies were registered in Hesse in 2024, which corresponds to an increase of 23 percent compared to 2023. To a significant extent, the bankruptcies also concern employees in the companies concerned: at least 6,000 employees were affected by dismissals in 2024.
From the insolvent companies in 2024, 316 belonged to the construction industry. The Vice President of the Hessian Chamber of Commerce and Industry, Ulrich Caspar, commented on the situation and demanded political reactions to relieve the economy. A key point paper with 20 proposals for the reform of the Hessian building regulations, which was presented in November 2024, aims to accelerate the construction process and make it cheaper. Minister of Economics Kaweh Mansori is currently working on a legislative package that is to be debated in the state parliament in 2025.
construction industry in the crisis
The Hessian construction industry faces a serious crisis that endangers the long -term living space supply. Thomas Reimann, President of the Building Trade Association, reported worrying cancellations in new construction projects in autumn 2023. These developments have ensured uncertainty among investors. A 14-point plan of the Federal Government, which was adopted as part of the housing summit, is considered a step in the right direction, but a reduction in construction costs is essential.
The construction trade association calls for a simplification of the construction process to move politics to create planning security. Missing orders and the current practice to use short -term solution as a short -term solution show how critical the location of the 151 construction companies, which reported bankruptcy in the first half of 2023. Hessen calls on politics to recognize the urgency of the situation and to reduce the obstacles to housing.
further developments and reforms
In parallel to the bankruptcies, a law is also being worked on to make living space unused. The planned reforms and the upcoming political debates in the state parliament have the potential to stabilize both the construction industry and the entire economy in Hesse. With the implementation of the reforms, a change of course could be initiated to ensure the competitiveness and attractiveness of the Hesse location in the long term.It remains to be seen whether and how quickly the political decision -makers will react to the continuing crisis. The developments of the next few months will be crucial to address the challenges that companies and employees are facing.
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| Ort | Hessen, Deutschland |
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