Shoe manufacturer Gallus has filed for insolvency with the Klagenfurt district court over €9.0 million worth of liabilities.

Almost 180 workers will be affected by the insolvency, which came about after the withdrawal of an investor.

The company's management has decided to continue to operate for three months  after discussions with the owners and banks.

1970-established Gallus has had already had to reduce its workforce by 100 employees since 2002.