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.
Construction Construction Of Buildings And Infrastructure Engineering Civil Engineering 42.21 - Construction of utility projects for fluids
115 jobs Number of planned job losses
Announcement Date
31 March 2012
Employment effect (start)
31 March 2012
Foreseen end date
2 April 2012
Description
Podjetje za urejanje hudournikov (PUH) has announced to cut all its 115 jobs due to bankruptcy. The company, located in Ljubljana is an enterprise specialized in construction and research of projects for protection from land erosion, protection from land and snow avalanches, regulation of torrents and related activities.
It is reported that the company is having severe financial problems due to problematic business decisions, such as investments in equity shares of other companies and investment in land, which lead to the bankruptcy.
Sources
3 April 2012: Delo
31 March 2012: Delo
Citation
Eurofound (2012), Podjetje za urejanje hudournikov (PUH), Bankruptcy in Slovenia, factsheet number 73380, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73380.
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