Valkarton

Type
Internal restructuring
Country
Slovenia
Region
Slovenija; Zahodna Slovenija; Osrednjeslovenska
Location of affected unit(s)
Logatec
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
17.2 - Manufacture of articles of paper and paperboard
17.21 - Manufacture of corrugated paper, paperboard and containers of paper and paperboard
190 jobs
Number of planned job losses
Job loss
Announcement Date
20 July 2009
Employment effect (start)
1 January 2009
Foreseen end date
31 December 2009

Description

Valkarton from Logatec in Osrednjeslovenska region, owned by Croatian company Belišće, is a producer of corrugated cardboard and packaging products thereoff. In the first half of 2009, Valkarton registered a 30% decrease of its turnover due to declining orders from main customers, i.e. manufacturers of car components and household appliances. As a result, the company reduced the number of its employees from 660 in December 2008 to 495 at present, and will further reduce emplyment to 470 by the end of 2009.

Sources

  • 20 July 2009: Finance

Citation

Eurofound (2009), Valkarton, Internal restructuring in Slovenia, factsheet number 69299, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69299.