Ross KC

Type
Bankruptcy
Country
Slovakia
Region
Slovensko; Východné Slovensko; Košický kraj
Location of affected unit(s)
Kráľovský Chlmec
Sector
Manufacturing
(13 - 15) Manufacture of textiles, apparel and leather
13.9 - Manufacture of other textiles
13.9 - Manufacture of other textiles
127 jobs
Number of planned job losses
Job loss
Announcement Date
29 September 2009
Employment effect (start)
Foreseen end date
31 December 2009

Description

Ross KC Company, a manufacturer of ready-made clothing in Kralovsky Chlmec, filed for bankruptcy and will dismiss 127 needlewomen by the end of 2009. According to Ross KC's CEO, Ján Palenčák, the closure is due to the company's low competitiveness because of high labour costs.

Sources

  • 29 September 2009: Hospodárske noviny
  • 2 October 2009: Pravda

Citation

Eurofound (2009), Ross KC, Bankruptcy in Slovakia, factsheet number 69949, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69949.