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.
Manufacturing Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Other Non-Metallic Mineral Products 23 - Manufacture of other non-metallic mineral products
715 jobs Number of planned job losses
Announcement Date
29 January 2009
Employment effect (start)
1 February 2009
Foreseen end date
30 April 2009
Description
Due to high unpaid debt, Slovglass in Poltar has been declared bankrupt and all 715 employees are to become redundant. Mass dismissals, which started in February, have to be accomplished by the end of April 2009. The bankruptcy administrator hopes that some of investors interested in buying the company will do so soon.
Sources
29 January 2009: SME
29 January 2009: Hospodárske noviny ()
Citation
Eurofound (2009), Slovglass, Bankruptcy in Slovakia, factsheet number 68218, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68218.
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