Type
Internal restructuring
Country
Slovenia
Region
Slovenija; Podravska;
Location of affected unit(s)
Maribor
Sector
Manufacturing
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Basic Metals
24.5 - Casting of metals

100 jobs
Number of planned job losses
Job loss
Announcement Date
22 February 2013
Employment effect (start)
22 February 2013
Foreseen end date
31 May 2013

Description

Mariborska livarna (MLM, Maribor foundry) has announced 100 job losses.

MLM currently employs 800 employees but due a drop in orders it is facing severe liquidity problems. As a consequence, an internal restructuring programme has been launched in which 100 employees will be made redundant. MLM is negotiating with potential strategic partners the take over of the production of sanitary products.

Mariborska livarna (MLM, Maribor foundry) located in Maribor in the Podravska region, is a manufacturer of copper, copper alloy and aluminium alloy products. MLM supply the automotive, electrical, mechanical and construction industries, and produce their own sanitary products (taps, fittings) and radiators.


Sources

  • 22 February 2013: Finance

Citation

Eurofound (2013), Mariborske livarne Maribor, Internal restructuring in Slovenia, factsheet number 74961, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74961.