The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
(61 - 63) Information / Computing 63 - Computing infrastructure, data processing, hosting and other information service activities 63.1 - Computing infrastructure, data processing, hosting and related activities 63.10 - Computing infrastructure, data processing, hosting and related activities
1 - 116 jobs Number of planned job losses
Announcement Date
4 August 2025
Employment effect (start)
4 August 2025
Foreseen end date
Description
MyWorld International AG, the Austrian successor to Lyoness and operator of a global shopping platform via subsidiaries, has filed for insolvency and plans to reduce its 116-strong workforce at its Graz headquarters. The restructuring will affect administrative and operational roles, aiming to continue operations with fewer staff. Talks with a strategic investor have not yet concluded but remain ongoing.
The company reports liabilities of €22.73 million against assets of €15.07 million, plus disputed tax debts of €56.3 million, which could raise insolvency exposure to €64 million. Around €5 million of liabilities relate to outstanding vouchers for hundreds of customers, and 2,049 creditors are involved. The restructuring plan foresees a 20% repayment within two years.
Eurofound (2025), myWorld International, Bankruptcy in Austria, factsheet number 203189, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/203189.
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