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 Construction Of Buildings 41.2 - Construction of residential and non-residential buildings
310 jobs Number of planned job losses
Announcement Date
18 August 2012
Employment effect (start)
19 August 2012
Foreseen end date
20 August 2012
Description
Construction company Kraški zidar, based in Sežana, has entered the bankruptcy procedure. The company currently employs 310 employees, which will all be made redundant by August 20, 2012.
The restructuring is blamed on the economic crisis, which has hit the construction sector particularly hard. The company has been struggling with payment arrears and lack of new orders.
Sources
18 August 2012: Delo
16 August 2012: Times.si
Citation
Eurofound (2012), Kraški zidar, Bankruptcy in Slovenia, factsheet number 73990, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73990.
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