EMCC European Monitoring Centre on Change

Almont

Company/Organisation:
Almont

Geographic Location

Country: Slovenia
Region: Podravska; Slovenija
Location of affected unit(s): Slovenska Bistrica

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
25.1 - Manufacture of structural metal products
Number Employed: 104

Employment Effects

Announcement Date: 29-06-2012
Planned Job Reductions min: 104
Planned Job Reductions max: 104
Type of Restructuring: Bankruptcy
Employment Effect Start: 29-06-2012
Foreseen End Date: 31-07-2012
Direct Dismissals: 104

Additional Information

Almont, a Slovenian producer of construction elements of aluminum, has entered administration and as a result 104 employees will lose their jobs at the company's site in Slovenska Bistrica in the Podravska. The reductions are to be completed in July.

The company experienced financial problems due to the crisis that has hit harshly the Slovenian construction sector. Slovenian construction companies, which are Almont's main customers, owe substantial amounts of money to Almont. As a consequence, Almont itself is not able to honour its financial obligations.