Industrija usnja Vrhniha

Type
Internal restructuring
Country
Slovenia
Region
Slovenija; Zahodna Slovenija;
Location of affected unit(s)
Sector
Manufacturing
(13 - 15) Manufacture of textiles, apparel and leather
14 - Manufacture of wearing apparel
14 - Manufacture of wearing apparel
180 - 654 jobs
Number of planned job losses
Job loss
Announcement Date
12 July 2005
Employment effect (start)
Foreseen end date

Description

At least 180 workers might loose their job during the present phase of 'financial restructuring'. The company attracted some interest of foreign investors but the state of Slovenia as the major owner is not willing to sell to any yet. The fate of the company is to be resolved in the coming weeks, bankruptcy and 654 jobs losses as one of the more likely outcomes, according to media reporting. Company sells most of its high-end leather products in the EU and US markets.

Sources

  • 15 July 2005: Delo
  • 13 July 2005: Delo

Citation

Eurofound (2005), Industrija usnja Vrhniha, Internal restructuring in Slovenia, factsheet number 61965, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61965.