M2S has filed for bankruptcy
M2S has filed for bankruptcy This morning M2S has filed for bankruptcy at its own request. All attempts to reach a settlement with the company's major creditors have failed The company is insolvent following the bank's foreclosure of its check credit facility and stopped payments of salaries to employees in Sweden. During the past six months, M2S has initiated and carried out measures that have, in total, amounted to the reduction of the company from approximately 480 employees at some 25 offices in ten countries at the start of the year, to approximately 200 employees at seven offices in