Karolina

Type
Closure
Country
Hungary
Region
Dunántúl; Dél-Dunántúl; Tolna
Location of affected unit(s)
Tolna
Sector
Manufacturing
(13 - 15) Manufacture of textiles, apparel and leather
13.1 - Preparation and spinning of textile fibres
13.1 - Preparation and spinning of textile fibres
314 jobs
Number of planned job losses
Job loss
Announcement Date
20 July 2005
Employment effect (start)
Foreseen end date

Description

Tolna's spinning mill was established in 2000 by the Karolina Ltd. as a greenfield investment. 70% of employees are women. In July 2005, the company announced its closure because of the strong competition of chinese textile products.

Sources

  • 20 July 2005: Népszabadság

Citation

Eurofound (2005), Karolina, Closure in Hungary, factsheet number 61954, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/61954.