Type
Bankruptcy
Country
Denmark
Region
Location of affected unit(s)
Frederiksværk
Sector
Manufacturing
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Basic Metals
24.52 - Casting of steel

160 jobs
Number of planned job losses
Job loss
Announcement Date
17 August 2009
Employment effect (start)
17 August 2009
Foreseen end date

Description

The Ukrainian-owned steel plant, Vorskla Steel in Frederiksværk northern Zeeland, has gone bankrupt. Three lawyers from the Hillerød municipality informed the 160 employees Monday morning, 17 August 2009, about the bankruptcy. The employees have not received their wage for July and the lawyers recommended that the employees apply to the Employees' Guarantee Fund to cover the loss.


Sources

Citation

Eurofound (2009), Vorskla Steel Denmark, Bankruptcy in Denmark, factsheet number 69476, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69476.