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
137 jobs Number of planned job losses
Announcement Date
20 June 2008
Employment effect (start)
1 August 2008
Foreseen end date
31 December 2008
Description
IBI, manufacturer of Jacquard fabric in Kranj, is to launch a liquidation procedure with the loss of 137 jobs. The company, which manufactures jacquard mattress ticking, finishes and high-tech fibres, mattress covers, decorative fabrics, bed linen, tablecloth, etc., has recorded losses for several years and since June 2008 uses only half of its production facilities four days a week. The supervisory board who decided on liquidating the company believes that it is the best way to settle the outstanding debts to the creditors and for the shareholders to get some money. At the moment, IBI employs 137 employees although in February it employed 178.
Sources
20 June 2008: Delo
Citation
Eurofound (2008), Ibi, Internal restructuring in Slovenia, factsheet number 66783, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66783.
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