EMCC European Monitoring Centre on Change

Vemont

Company/Organisation:
Vemont

Geographic Location

Country: Slovenia
Region: Savinjska; Slovenija
Location of affected unit(s): Velenje

Company

Sector: Construction
Construction
42 - Civil engineering
Number Employed: 128
Group: Vegrad

Employment Effects

Announcement Date: 10-05-2011
Planned Job Reductions min: 128
Planned Job Reductions max: 128
Type of Restructuring: Bankruptcy
Employment Effect Start: 31-05-2011
Foreseen End Date: 30-06-2011

Additional Information

Vemont, a construction company located in Velenje has filed for bankruptcy and 128 employees will lose their job. Aside from the nagtive effect of the crisis hitting the Slovenian construction sector, specific Vemont's business failure  is due to the bankruptcy of its parent company Vegrad d.d. (see factsheet ID 16173) as well as the lack of resources to relaunch business activities.