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.
Bukóza Invest, part of the larger Bukóza Holding, a Slovak producer of cellulose, announced its plans start bankruptcy proceedings with near-certainty, since 290 out of 400 employees submitted their resignation notice. This effectively amounts to a closure of the plant.
The notices of resignation were sent in early December 2024 and were mainly in manufacturing positions.
The ministry of labour is prepared to reimburse the severance pay on behalf of the company, contingent on the company filing for bankruptcy.
See also previous cases for Bukoza Holding in 2024
Eurofound (2024), Bukóza Invest, Bankruptcy in Slovakia, factsheet number 202080, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202080.