EMCC European Monitoring Centre on Change

Adria Airways

Company/Organisation:
Adria Airways

Geographic Location

Country: Slovenia
Region: Slovenija
Location of affected unit(s): Brnik

Company

Sector: Transportation / storage
Transportation and storage
51.10 - Passenger air transport
Number Employed: 558

Employment Effects

Announcement Date: 30-09-2019
Planned Job Reductions min: 558
Planned Job Reductions max: 558
Type of Restructuring: Bankruptcy
Employment Effect Start: 06-10-2019
Direct Dismissals: 558

Additional Information

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.

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