Kemijska industrija Kamnik - KIK

Type
Bankruptcy
Country
Slovenia
Region
Slovenija; Zahodna Slovenija; Osrednjeslovenska
Location of affected unit(s)
Kamnik
Sector
Manufacturing
(20 - 21) Manufacture of chemicals and pharmaceuticals
20.5 - Manufacture of other chemical products
20.59 - Manufacture of other chemical products n.e.c.
103 jobs
Number of planned job losses
Job loss
Announcement Date
17 October 2009
Employment effect (start)
17 October 2009
Foreseen end date
17 October 2009

Description

Kemijska industrija Kamnik (KIK), a producer of explosives from Kamnik, has declared bankruptcy and all its 103 workers will lose their jobs. The company has been in a difficult situation for quite some time; unclear ownership situation, outdated technology and high indebtedness have been a combination of factors that led to the bankruptcy. In the last year the situation worsened due to the decrease of orders and payment arrears.

Sources

  • 17 October 2009: Delo

Citation

Eurofound (2009), Kemijska industrija Kamnik - KIK, Bankruptcy in Slovenia, factsheet number 69942, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69942.