Ingrad

Type
Bankruptcy
Country
Slovenia
Region
Slovenija; Vzhodna Slovenija;
Location of affected unit(s)
Sector
Construction
41 - Construction of residential and non-residential buildings
41 - Construction of residential and non-residential buildings
41 - Construction of residential and non-residential buildings
180 jobs
Number of planned job losses
Job loss
Announcement Date
7 June 2005
Employment effect (start)
8 June 2005
Foreseen end date

Description

Ingrad, a construction company from Celje, went bankrupt due to 'lack of labour demand'. The decision was anticipated and acknowledged by the workers representatives that went on strike a week before the announcement, demanding overdue payments.

Vegrad, another construction firm and a minority owner of the company, announced it would employ a number of the dismissed workers. Trade unions put forth some welfare conditions for this to happen.

Sources

Citation

Eurofound (2005), Ingrad, Bankruptcy in Slovenia, factsheet number 61702, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61702.