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 Textiles 13 - Manufacture of textiles
440 jobs Number of planned job losses
Announcement Date
12 October 2007
Employment effect (start)
Foreseen end date
31 December 2007
Description
Odevné závody kapitána Nálepku (OZKN), a Slovak textile firm that produces apparel for men and is based in Prešov, has been declared bankrupt and will subsequently dismiss its 440 employees. The firm attributes the bankruptcy to its high operational costs and the fact that its main customer, Spanish textile company Induyco, have decided to end their contract with OZKN in favour of a new contact with a Chinese firm. The Prešov site is due to close by the end of 2007.
Sources
12 October 2007: Hospodárske noviny
Citation
Eurofound (2007), OZKN, Bankruptcy in Slovakia, factsheet number 65921, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65921.
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