Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Ozeta Neo is the main producer of men's formal suits in Slovakia. It exports almost 95% of its production to all European countries and the USA. Since November 2003 the company is part of the Penta Group that has implemented an internal restructuring programme in order to make the company more competitive. The subsidiary in Hlohovec was closed and all 570 employees were dismissed. The company has other subsidiaries in Topolčany, Tornala and Skalica, where it intends to create about 150 to 200 new jobs in April-May-June 2004.
Eurofound (2004), Ozeta Neo, Closure in Slovakia, factsheet number 60351, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/60351.
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