November 8 (SeeNews) - A court in Skopje is examining the grounds for opening bankruptcy proceedings against North Macedonia-based construction company Beton Skopje [MSE:BESK] at the request of company employees, the Federation of Trade Unions of Macedonia said on Tuesday.
The court has appointed an interim bankruptcy administrator and prohibited the company from using its property without the approval of the administrator, the Federation of Trade Unions of Macedonia said in a statement published on its Facebook profile.
Company employees, represented by the Federation of Trade Unions, have proposed the launch of a bankruptcy procedure over unpaid wages and the fact that Beton's bank accounts have been blocked for more than 45 days, the statement reads.
The employees of Beton have not received their wages for six months, nor holiday supplements for 2021 and 2022, according to the statement.
Beton Skopje reported a net loss of 212 million denars ($3.4 million/3.5 million euro) in the first nine months of 2022, compared to a net loss of 295.3 million denars in the same period last year, according to the latest interim financial statement filed with the Skopje bourse.
The company's shares last traded on the MSE on September 14, at an average price of 1,500 denars, according to the most recent bourse data available.
Beton Skopje, founded in 1947, designs and builds houses, roads, bridges, tunnels, hydro systems and industrial plants.
($ = 0.9997 euro)