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
275 jobs Number of planned job losses
Announcement Date
24 October 2012
Employment effect (start)
24 October 2012
Foreseen end date
26 October 2012
Description
Construction company CM Celje, based in the Savinjska region, has filed for bankruptcy and as a result 275 employees will lose their job.
The cause of bankruptcy is the substantial crisis that has hit the construction sector in Slovenia. The company, which was in the process of Compulsory Settlement for quite some time, has not been able to pay the employees’ wages for months. Bad managerial decisions and the uncertainty that has prevailed in the last year have left the company with no other options. They have no new contracts and the banks are said to be unwilling to provide new credit.Â
Sources
27 October 2012: Delo
24 October 2012: Delo
Citation
Eurofound (2012), CM Celje, Bankruptcy in Slovenia, factsheet number 74367, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74367.
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