Type
Bankruptcy
Country
Slovakia
Region
Stredne Slovensko; Zilinsky kraj;
Location of affected unit(s)
Namestovo
Sector
Construction
Construction Of Buildings And Infrastructure Engineering
Construction Of Buildings
41.2 - Construction of residential and non-residential buildings

200 jobs
Number of planned job losses
Job loss
Announcement Date
10 January 2014
Employment effect (start)
Foreseen end date

Description

Construction company MBM-Stav is bankrupt and will make all of its 200 workers in Namestovo redundant. 

According to the management, the bankruptcy can be attributed in large parts to the previous insolvency of TSS Grade, a main debtor of MBM, that entailed a large debt write-off.


Sources

  • 10 January 2014: Hospodárske noviny

Citation

Eurofound (2014), MBM - Stav, Bankruptcy in Slovakia, factsheet number 76450, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76450.