Type
Bankruptcy
Country
Slovenia
Region
Slovenija; Obalno-kraska;
Location of affected unit(s)
Sežana
Sector
Construction
Construction Of Buildings And Infrastructure Engineering
Construction Of Buildings
41.2 - Construction of residential and non-residential buildings

310 jobs
Number of planned job losses
Job loss
Announcement Date
18 August 2012
Employment effect (start)
19 August 2012
Foreseen end date
20 August 2012

Description

Construction company Kraški zidar, based in Sežana, has entered the bankruptcy procedure. The company currently employs 310 employees, which will all be made redundant by August 20, 2012.

The restructuring is blamed on the economic crisis, which has hit the construction sector particularly hard. The company has been struggling with payment arrears and lack of new orders.


Sources

  • 18 August 2012: Delo
  • 16 August 2012: Times.si

Citation

Eurofound (2012), Kraški zidar, Bankruptcy in Slovenia, factsheet number 73990, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73990.