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 Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20.51 - Manufacture of explosives
103 jobs Number of planned job losses
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 The company has been in a difficult situation for quite some time; unclear ownership situation, outdated technology and high indebtedness have been a combination of factors that led to the bankruptcy.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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69942.
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