Type
Bankruptcy
Country
Slovenia
Region
Slovenija;
Location of affected unit(s)
Brnik
Sector
Transportation / Storage
Land, Water And Air Transportation
Air Transport
51.10 - Passenger air transport

558 jobs
Number of planned job losses
Job loss
Announcement Date
30 September 2019
Employment effect (start)
6 October 2019
Foreseen end date

Description

Adria Airways, the Slovenian national air carrier, will terminate the employment contracts of all 558 employees on 6 October 2019. The company filed for bankruptcy procedure at Kranj district court after months of severe financial problems. All flights have been cancelled. The bankruptcy of the company will also negatively impact the national economy and tourism. However, the Slovenian government expects that other carriers will take the chance to sustain the international connectivity of the country. A further idea under consideration is the creation of a new airline.


Sources

Citation

Eurofound (2019), Adria Airways, Bankruptcy in Slovenia, factsheet number 98771, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98771.