Type
Bankruptcy
Country
Slovenia
Region
Slovenija; Savinjska;
Location of affected unit(s)
Velenje
Sector
Construction
Construction Of Buildings And Infrastructure Engineering
Civil Engineering
42 - Civil engineering

142 jobs
Number of planned job losses
Job loss
Announcement Date
26 October 2010
Employment effect (start)
31 October 2010
Foreseen end date
1 November 2010

Description

On 26 October 2010 Vegrad Inde, a part of the Vegrad construction group located in Velenje in the Savinjska region, announced its bankruptcy and the dismissal of 142 employees. The reason for bankruptcy is the economic recession and lackluster housing market.


Sources

  • 26 October 2010: Delo

Citation

Eurofound (2010), Vegrad Inde, Bankruptcy in Slovenia, factsheet number 71050, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71050.