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 Manufacturing Of Furniture And Other Manufacturing Manufacture Of Furniture 31 - Manufacture of furniture
213 jobs Number of planned job losses
Announcement Date
12 March 2008
Employment effect (start)
12 March 2007
Foreseen end date
12 March 2008
Description
Kli Logatec, a producer of windows, doors, chairs and tables, has cut 213 jobs over a year. The job cuts are attributed to the decrease in sales. In 2007, sales decreased by 30% and the loss amounted to EUR 2 million. The main owners (pension fund management company Kapitalska družba, insurance company Triglav, and an investment company NFD – Nacionalna finančna družba) have been looking for a strategic investor for the company, without success so far.
Sources
12 March 2008: Finance
Citation
Eurofound (2008), KLI Logatec, Internal restructuring in Slovenia, factsheet number 66392, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66392.
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