Type
Bankruptcy
Country
Slovenia
Region
Slovenija; Savinjska;
Location of affected unit(s)
Polzela
Sector
Manufacturing
Manufacturing Of Furniture And Other Manufacturing
Manufacture Of Furniture
31 - Manufacture of furniture

117 jobs
Number of planned job losses
Job loss
Announcement Date
14 August 2012
Employment effect (start)
14 August 2012
Foreseen end date
31 August 2012

Description

Garant, a furniture manufacturer from Polzela in the Savinjska region, has entered the bankruptcy procedure. All 117 employees will be made redundant by the end of August 2012.

The company is no longer able to pay its credit liabilities and it is reported that the owners are not willing to put in additional capital to settle these liabilities.


Sources

  • 14 August 2012: Delo
  • 13 August 2012: Radio1

Citation

Eurofound (2012), Garant, Bankruptcy in Slovenia, factsheet number 73991, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73991.