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

120 jobs
Number of planned job losses
Job loss
Announcement Date
9 March 2011
Employment effect (start)
9 March 2011
Foreseen end date
31 March 2011

Description

Construction company MTB filed for bankruptcy and all 120 employees will lose their jobs. The company has approximately EUR 9 million unsettled claims. The company's CEO announced that negotiations with banks to secure financial resources for the company's operations were not successful.


Sources

  • 9 March 2011: Finance
  • 9 March 2011: Delo

Citation

Eurofound (2011), MTB, Bankruptcy in Slovenia, factsheet number 71711, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71711.