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 Construction Of Buildings 41.20 - Construction of residential and non-residential buildings
173 jobs Number of planned job losses
Announcement Date
10 December 2013
Employment effect (start)
10 December 2013
Foreseen end date
10 February 2014
Description
Construction companies Walde Byggevare and Walde Entreprenør are filing for bankruptcy, resulting in 173 job losses. Both companies are located in Frekhaug (Hordaland) and subsidiaries of Walde group.
All of the 173 employees will be directly dismissed.
The companies came under financial pressure after a period of declining revenues. Walde Byggvare's shop has been closed, while Walde Entreprenør has stopped all of its activity.
Unions are optimistic about re-employment of the dismissed workers and expect that they will receive all of the outstanding salaries.
Sources
10 December 2013: NRK
Citation
Eurofound (2013), Walde, Bankruptcy in Norway, factsheet number 76344, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76344.
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