Type
Bankruptcy
Country
Slovenia
Region
Slovenija; Savinjska;
Location of affected unit(s)
Velenje
Sector
Construction
Construction Of Buildings And Infrastructure Engineering
Civil Engineering
42 - Civil engineering

128 jobs
Number of planned job losses
Job loss
Announcement Date
10 May 2011
Employment effect (start)
31 May 2011
Foreseen end date
30 June 2011

Description

Vemont, a construction company located in Velenje has filed for bankruptcy and 128 employees will lose their job. Aside from the nagtive effect of the crisis hitting the Slovenian construction sector, specific Vemont's business failure  is due to the bankruptcy of its parent company Vegrad d.d. (see factsheet ID 16173) as well as the lack of resources to relaunch business activities.


Sources

  • 10 May 2011: Delo

Citation

Eurofound (2011), Vemont, Bankruptcy in Slovenia, factsheet number 71973, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71973.