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 (31) Manufacture of furniture 31 - 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://apps.eurofound.europa.eu/restructuring-events/detail/66392.