Restructuring events
European Restructuring Monitor (ERM)
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.
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.
Eurofound (2019), Adria Airways, Bankruptcy in Slovenia, factsheet number 98771, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98771.