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.
Construction Construction Of Buildings And Infrastructure Engineering Civil Engineering 42.11 - Construction of roads and motorways
230 jobs Number of planned job losses
Announcement Date
17 August 2012
Employment effect (start)
Foreseen end date
31 December 2012
Description
Slovak civil engineering company, Cestne stavby Liptovsky Mikulas, plans to dismiss 230 out of 270 employees by the end of 2012.
Redundancies are said to be caused by high operational costs of the company. Dismissals are also attributed to a significant price reduction in the public road engineering sector, in which the company operates. The company is also reported to have significant debt at the social insurance agency.
Sources
17 August 2012: Hospodárske noviny
Citation
Eurofound (2012), Cestné stavby, Internal restructuring in Slovakia, factsheet number 74035, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74035.
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