Type
Bankruptcy
Country
Luxembourg
Region
Luxembourg (Grand-Duché); Luxembourg (Grand-Duché);
Location of affected unit(s)
Esch-sur-Alzette
Sector
Construction
Construction Of Buildings And Infrastructure Engineering
Civil Engineering
42 - Civil engineering

105 jobs
Number of planned job losses
Job loss
Announcement Date
30 June 2011
Employment effect (start)
1 July 2011
Foreseen end date
31 August 2011

Description

On 30 June 2011, Luxembourg-based construction company Pedinotti & Cie filed for insolvency and 105 employees lost their job as of July. Trade unions OGBL and LCGB took contact with other firms within the sector regarding a possible takeover of some of the staff and there is said to be a chance that 50% of the employees will be taken over.


Sources

Citation

Eurofound (2011), Pedinotti, Bankruptcy in Luxembourg, factsheet number 72260, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72260.