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.
Low costs of textile manufacture in Asian and African markets were behind the decision of Tekstina (a textile company producing combed and carded yarns, shirt and light fabrics) to close its spinning mill employing 60 workers. Half of those are a protected category which awaits re-employment in firm's weaving and finishing units and prior retirement. 20 to 25 workers face direct dismissal. The abandoned production will be substituted through imports from Turkey and Egypt mainly, management stated.
Eurofound (2005), Tekstina, Internal restructuring in Slovenia, factsheet number 62235, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62235.