Type
Bankruptcy
Country
Slovenia
Region
Slovenija; Savinjska;
Location of affected unit(s)
Celje
Sector
Manufacturing
Manufacturing Of Machinery And Equipment
Manufacture Of Machinery And Equipment N.E.C.
28.41 - Manufacture Of Metal Forming Machinery

120 jobs
Number of planned job losses
Job loss
Announcement Date
20 November 2024
Employment effect (start)
1 December 2024
Foreseen end date
20 February 2025

Description

Emo Orodjarna, a producer of sheet metal forming tools, has filed for bankruptcy, resulting in the loss of jobs for 120 workers.

According to the news agency STA, the company has been facing difficulties in paying wages for several months. As a result, it has been under inspection by the Labour Inspectorate. In 2023, the company recorded a net turnover of just over €9 million but incurred a loss of €2.5 million. Management attributes the poor performance to delays in some projects, the recession in Germany, and other contributing factors.

The President of the Confederation of Slovenian Trade Unions stated that the management was unwilling to engage in discussions with the trade union.


Sources

Citation

Eurofound (2024), Emo Orodjarn, Bankruptcy in Slovenia, factsheet number 202016, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202016.