Type
Bankruptcy
Country
Slovakia
Region
Vychodne Slovensko; Kosicky kraj;
Location of affected unit(s)
Košice
Sector
Manufacturing
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Basic Metals
24.5 - Casting of metals

100 jobs
Number of planned job losses
Job loss
Announcement Date
18 June 2013
Employment effect (start)
Foreseen end date
31 July 2013

Description

East Slovakian Machine Works - VSS Foundry Company in Kosice will be closed causing 100 job losses. The Company, which produced different metal products, is long-term in debt. To protect the Company from creditors, the management decided to announce the bankruptcy.


Sources

  • 18 June 2013: Hospodárske noviny

Citation

Eurofound (2013), VSS Foundry, Bankruptcy in Slovakia, factsheet number 75604, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75604.