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.
Gemtex Company in Rožňava decided to replace its current underwear and outerwear production by high quality luxury women underwear production. Production will be relocated from Croatia, Serbia and the Czech Republic.
Gemtex current production will be relocated in several steps to a plant in Revúca where the employment will increase by almost four.
Eurofound (2005), Gemtex, Business expansion in Slovakia, factsheet number 62101, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62101.