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 textiles, apparel and leather Manufacture of wearing apparel 14 - Manufacture of wearing apparel
168 jobs Number of planned job losses
Announcement Date
18 February 2025
Employment effect (start)
31 January 2025
Foreseen end date
31 May 2025
Description
Egotex, a Slovak textile production company announced to the Labour office that they are closing their business, letting go all of the 168 current employees.
Management cited plummeting of orders, as well as continuous increase in labour costs.
The company, which specializes in luxury outerwear apparel for brands all over Europe, has been in operation for 27 years, but had been in a "survival mode" for months, not gaining enough demand for their products.
This closure follows the trend of textile company closures in Slovakia, see factsheets on Makyta Puchov or Eterna Banovce and Bebravou. Makyta 2025-SK, Eterna 2024-SK
Eurofound (2025), EGOTEX, Closure in Slovakia, factsheet number 202420, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202420.
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