Novoles Plus

Type
Closure
Country
Slovenia
Region
Slovenija; Vzhodna Slovenija; Jugovzhodna Slovenija
Location of affected unit(s)
Straža
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
16.2 - Manufacture of products of wood, cork, straw and plaiting materials
16.27 - Finishing of wooden products
130 jobs
Number of planned job losses
Job loss
Announcement Date
31 March 2012
Employment effect (start)
31 March 2012
Foreseen end date
2 April 2012

Description

Novoles Plus, producer of plywood from Straža near Novo mesto in the Jugovzhodna Slovenija region, has announced to make its entire workforce of 130 redundant.

Due to outstanding debts the company had to sell one of the crucial machines for the production of plywood. This has resulted in severe problems in fulfilling the delivery contracts. The end result is that all the assets of the company are now on sale and all 130 employees lost their job.

Sources

  • 31 March 2012: Delo

Citation

Eurofound (2012), Novoles Plus, Closure in Slovenia, factsheet number 73379, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73379.