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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
1,100 jobs Number of planned job losses
Announcement Date
4 August 2010
Employment effect (start)
12 August 2010
Foreseen end date
30 September 2010
Description
1100 employees are to lose their jobs following the bankruptcy of Prevent Avtomobilski deli, a producer of car seat covers based in Slovenj Gradec in the Koroška region. The company is owned by the Prevent Global holding company. In spite of internal restructuring done during the last year, the company has not managed to survive a severe drop in orders from customers due to a downturn in car manufacturing. The existing owners of Prevent Global have declined to rescue the subsidiary and bankruptcy was declared in August 2010.
Sources
27 July 2010: Finance
23 July 2010: Delo
3 August 2010: Delo
4 August 2010: Delo
Citation
Eurofound (2010), Prevent Avtomobilski deli, Bankruptcy in Slovenia, factsheet number 70814, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70814.
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