EMCC European Monitoring Centre on Change

Stavbenik

Company/Organisation:
Stavbenik

Geographic Location

Country: Slovenia
Region: Obalno-kraska; Slovenija
Location of affected unit(s): Koper

Company

Sector: Construction
Construction
41.2 - Construction of residential and non-residential buildings
Number Employed: 100

Employment Effects

Announcement Date: 23-11-2012
Planned Job Reductions min: 100
Planned Job Reductions max: 100
Type of Restructuring: Bankruptcy
Employment Effect Start: 26-11-2012
Foreseen End Date: 30-11-2012
Direct Dismissals: 100

Additional Information

The construction company Stavbenik, based in Koper in the Obalno-Kraška region, has initiated the bankruptcy procedure, with 100 consequent job losses.

The reason is the heavy crisis that has hit the construction sector in Slovenia. The company’s insolvency is directly linked to the bankruptcy of another construction company, Primorje, the former majority stakeholder of Satvbenik and the investment in apartments which they are not able to sell.