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.
Polzela, a Slovenian producer of socks and stockings for women, men and children, announced a reduction of its workforce by 100. The cuts will be implemented until summer 2012.
The company, located in the small town Polzela (Savinska region), currently faces a one third decrease of sales in 2011, leading to a loss of EUR 1.2 million. Additionally, the volume of production is only at 52% of last year's level. It is reported that the company decided to reduce employment due to these difficult economic circumstances.
The company, founded in 1927, currently employs 400 people.
Eurofound (2012), Polzela, Internal restructuring in Slovenia, factsheet number 73219, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/73219.
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