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.
The subsidiary of a Belgian furniture company, Furni Finish, will start the production of different types of padded furniture, especially sofas in Slovakia. The production was originally due to start in January 2006. However, because of some administrative problems related to construction management, the production was to start in June-July 2006. The SKK 100 million investment included reconstruction of a former school as well as construction of a new production hall. Some 180 people were to be employed since July 2006.
According to the latest information in November 2006, the production is expected to be launched within the next month and some 100 employees are to be recruited till the end of 2006.
Eurofound (2006), Furni Finish, Business expansion in Slovakia, factsheet number 62797, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62797.