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 29.1 - Manufacture of motor vehicles
131 jobs Number of planned job losses
Announcement Date
4 March 2011
Employment effect (start)
4 March 2011
Foreseen end date
30 April 2011
Description
On 3 March 2011, bus manufacturer Tovarna vozil Maribor (TVM) filed for bankruptcy and all 131 employees will lose their jobs by the end of April 2011. TVM has been in financial troubles for a long time, mostly because of high indebtness of the parent company, Viator-Vektor Group, which has not been able to finance TVM operations. In the last couple of months, there were several unsuccessful attempts to find a strategic partner for TVM.
Sources
4 March 2011: Delo
Citation
Eurofound (2011), Tovarna vozil Maribor (TVM), Bankruptcy in Slovenia, factsheet number 71678, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71678.
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