Nafta Petrochem

Type
Internal restructuring
Country
Slovenia
Region
Slovenija; Vzhodna Slovenija; Pomurska
Location of affected unit(s)
Lendava
Sector
Manufacturing
(20 - 21) Manufacture of chemicals and pharmaceuticals
20 - Manufacture of chemicals and chemical products
20 - Manufacture of chemicals and chemical products
50 jobs
Number of planned job losses
Job loss
Announcement Date
30 December 2010
Employment effect (start)
3 January 2011
Foreseen end date
29 April 2011

Description

Nafta Petrochem, a part of Skupina Nafta (Nafta Group) located in Lendava in the Pomurska region, has announced the reduction of its workforce of 442 employees by 50 because of the need for internal restructuring. Nafta Petrochem faces severe troubles and heavy indebtness which occurred due to unfavourable price relations between the main input (gas) and output (methanol).

Sources

  • 30 December 2010: Delo

Citation

Eurofound (2010), Nafta Petrochem, Internal restructuring in Slovenia, factsheet number 71380, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71380.