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 Wood And Paper Materials Manufacture Of Paper And Paper Products 17.21 - Manufacture of corrugated paper and paperboard and of containers of paper and paperboard
190 jobs Number of planned job losses
Announcement Date
20 July 2009
Employment effect (start)
1 January 2009
Foreseen end date
31 December 2009
Description
Valkarton from Logatec in Osrednjeslovenska region, owned by Croatian company Belišće, is a producer of corrugated cardboard and packaging products thereoff. In the first half of 2009, Valkarton registered a 30% decrease of its turnover due to declining orders from main customers, i.e. manufacturers of car components and household appliances. As a result, the company reduced the number of its employees from 660 in December 2008 to 495 at present, and will further reduce emplyment to 470 by the end of 2009.
Sources
20 July 2009: Finance
Citation
Eurofound (2009), Valkarton, Internal restructuring in Slovenia, factsheet number 69299, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69299.
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