Slovglass

Type
Bankruptcy
Country
Slovakia
Region
Slovensko; Stredné Slovensko; Banskobystrický kraj
Location of affected unit(s)
Poltár
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
23 - Manufacture of other non-metallic mineral products
23 - Manufacture of other non-metallic mineral products
715 jobs
Number of planned job losses
Job loss
Announcement Date
29 January 2009
Employment effect (start)
1 February 2009
Foreseen end date
30 April 2009

Description

Due to high unpaid debt, Slovglass in Poltar has been declared bankrupt and all 715 employees are to become redundant. Mass dismissals, which started in February, have to be accomplished by the end of April 2009. The bankruptcy administrator hopes that some of investors interested in buying the company will do so soon.

Sources

  • 29 January 2009: SME
  • 29 January 2009: Hospodárske noviny ()

Citation

Eurofound (2009), Slovglass, Bankruptcy in Slovakia, factsheet number 68218, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68218.