Viator & Vekotr Logistika

Type
Bankruptcy
Country
Slovenia
Region
Slovenija; Zahodna Slovenija; Osrednjeslovenska
Location of affected unit(s)
Ljubljana
Sector
Transportation / Storage
49 - Land transport and transport via pipelines
49.4 - Freight transport by road and removal services
49.4 - Freight transport by road and removal services
550 jobs
Number of planned job losses
Job loss
Announcement Date
1 September 2011
Employment effect (start)
1 September 2011
Foreseen end date
31 October 2011

Description

Ljubljana-based logistics company Viator & Vektor Logistika (part of the Viator & Vector Group) filed for bankruptcy on 31 August 2011. All 550 employees will lose their jobs.

The bankruptcy is attributed to reduced demand during the recession and heavy indebtedness of the company due to intensive acquisition activity of the company owners.

Sources

  • 1 September 2011: Delo

Citation

Eurofound (2011), Viator & Vekotr Logistika, Bankruptcy in Slovenia, factsheet number 72318, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72318.