Cestno podjetje Ljubljana (CPL)

Type
Bankruptcy
Country
Slovenia
Region
Slovenija; Zahodna Slovenija; Osrednjeslovenska
Location of affected unit(s)
Ljubljana
Sector
Construction
42 - Civil engineering
42 - Civil engineering
42 - Civil engineering
250 - 400 jobs
Number of planned job losses
Job loss
Announcement Date
27 February 2013
Employment effect (start)
28 February 2013
Foreseen end date
31 March 2013

Description

Construction company Cestno podjetje Ljubljana (CPL) has entered a bankruptcy procedure affecting approximately 250 people.

The bankruptcy can be seen in the context of many Slovenian construction companies filing for bankruptcies in the last months.

For quite some time, the company has not been able to serve his liabilities and, recently, it also lost the state concession for maintaining roads. Due to the fact that the company was not paying wages, the workforce has already been substantially reduced from 400 in August 2012.

All remaining employees will lose their job.

Sources

  • 26 February 2013: Delo
  • 26 February 2013: Siol

Citation

Eurofound (2013), Cestno podjetje Ljubljana (CPL), Bankruptcy in Slovenia, factsheet number 74992, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74992.