Podjetje za urejanje hudournikov (PUH)

Type
Bankruptcy
Country
Slovenia
Region
Slovenija; Zahodna Slovenija; Osrednjeslovenska
Location of affected unit(s)
Ljubljana
Sector
Construction
42 - Civil engineering
42.2 - Construction of utility projects
42.21 - Construction of utility projects for fluids
115 jobs
Number of planned job losses
Job loss
Announcement Date
31 March 2012
Employment effect (start)
31 March 2012
Foreseen end date
2 April 2012

Description

Podjetje za urejanje hudournikov (PUH) has announced to cut all its 115 jobs due to bankruptcy. The company, located in Ljubljana is an enterprise specialized in construction and research of projects for protection from land erosion, protection from land and snow avalanches, regulation of torrents and related activities.

It is reported that the company is having severe financial problems due to problematic business decisions, such as investments in equity shares of other companies and investment in land, which lead to the bankruptcy.

Sources

  • 3 April 2012: Delo
  • 31 March 2012: Delo

Citation

Eurofound (2012), Podjetje za urejanje hudournikov (PUH), Bankruptcy in Slovenia, factsheet number 73380, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73380.