Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Almont, a Slovenian producer of construction elements of aluminum, has entered administration and as a result 104 employees will lose their jobs at the company's site in Slovenska Bistrica in the Podravska. The reductions are to be completed in July.
The company experienced financial problems due to the crisis that has hit harshly the Slovenian construction sector. Slovenian construction companies, which are Almont's main customers, owe substantial amounts of money to Almont. As a consequence, Almont itself is not able to honour its financial obligations.
Eurofound (2012), Almont, Bankruptcy in Slovenia, factsheet number 73826, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73826.