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.
Manufacturing Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25.62 - Machining
350 jobs Number of planned job losses
Announcement Date
29 August 2024
Employment effect (start)
1 September 2024
Foreseen end date
30 September 2024
Description
Mariborska livarna Maribor (MLM), a company that produces die-casting tools, aluminum die-casting, and machined parts for the automotive industry, has entered bankruptcy proceedings, leading to the termination of 350 jobs.
Over the past three years, the company has suffered losses of over €10 million. Slovenian Sovereign Holding (SDH), the sole owner of MLM, has stated that the company's attempts to restructure and improve cost efficiency have failed. The proposed measures would have required additional financial resources besides the restructuring of the loans. However, further state aid would be considered unauthorized under European rules. Some potential buyers have also asked for a write-off of state claims, which, according to SDH, would also be unlawful state aid.
Eurofound (2024), Mariborska livarna Maribor , Bankruptcy in Slovenia, factsheet number 201525, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201525.
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