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 Material For Textiles, Apparel, Leather And Related Products Manufacture Of Wearing Apparel 14 - Manufacture of wearing apparel
European Globalisation Fund (EGF)
Year: 2007, Case number: 8
113 jobs Number of planned job losses
Announcement Date
21 June 2007
Employment effect (start)
15 September 2007
Foreseen end date
31 December 2007
Description
Bortex Group announced on 21 June 2007 that it will lay off 113 employees as it is winding up its remaining production line on the island. The company had been responding to a continuous price pressure leading to a loss. However, the organisation stated that it will continue to use Malta as its operating base, employing 129 people. The Employment and Training Corporation (ETC) reported that a number of employers have already shown an active interest in recruiting the redundant workers.
Eurofound (2007), Bortex, Internal restructuring in Malta, factsheet number 65522, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65522.
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