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.
Manufacturing Manufacture Of Wood And Paper Materials Manufacture Of Paper And Paper Products 17.12 - Manufacture Of Paper And Paperboard
90 jobs Number of planned job losses
Announcement Date
10 October 2024
Employment effect (start)
9 October 2024
Foreseen end date
Description
Bukóza Invest, a part of the larger Bukóza Holding, a Slovak producer of cellulose, announced its plans to let go of 90 out of a total of 100 employees in their paper manufacture in Hencovce, citing organizational reasons. This effectively amounts to a closure of the plant.
The dismissals were completed in October 2024 and were mainly in manufacturing positions.
The company is in debt, upwards of 100 million, due to previous managerial decisions.
See also previous cases for Bukoza Invest in 2023 and 2022.
Eurofound (2024), Bukóza Holding, Closure in Slovakia, factsheet number 201819, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201819.
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