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Slovglass files for bankruptcy and lays off employees

The Slovglass glass-making company in Poltár in Banská Bystrica Region will dismiss about 390 people as its management asked the district court in Banská Bystrica to announce the bankruptcy of the company. The layoffs will increase the unemployment rate in Poltár district to 27 percent, the TASR newswire reported on December 18.

The Slovglass glass-making company in Poltár in Banská Bystrica Region will dismiss about 390 people as its management asked the district court in Banská Bystrica to announce the bankruptcy of the company. The layoffs will increase the unemployment rate in Poltár district to 27 percent, the TASR newswire reported on December 18.

The company’s management decided to file for bankruptcy after it failed to find a strategic investor for the company.

The chair of the trade unions at Slovglass, Jozef Činčura, said that the employees received their last payment for October. The November pay-off is to be paid from the reserve fund of the company.

Source: TASR

Compiled by Radka Minarechová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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