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 Of Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25.1 - Manufacture of structural metal products
104 jobs Number of planned job losses
Announcement Date
29 June 2012
Employment effect (start)
29 June 2012
Foreseen end date
31 July 2012
Description
Almont, a Slovenian producer of construction elements of aluminum, has entered administration and as a result 104 employees will lose their jobs at the company's site in Slovenska Bistrica in the Podravska. The reductions are to be completed in July.
The company experienced financial problems due to the crisis that has hit harshly the Slovenian construction sector. Slovenian construction companies, which are Almont's main customers, owe substantial amounts of money to Almont. As a consequence, Almont itself is not able to honour its financial obligations.
Sources
29 June 2012: Delo
Citation
Eurofound (2012), Almont, Bankruptcy in Slovenia, factsheet number 73826, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73826.
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