Polzela

Type
Internal restructuring
Country
Slovenia
Region
Slovenija; Vzhodna Slovenija; Savinjska
Location of affected unit(s)
Polzela
Sector
Manufacturing
(13 - 15) Manufacture of textiles, apparel and leather
14.1 - Manufacture of knitted and crocheted apparel
14.10 - Manufacture of knitted and crocheted apparel
100 jobs
Number of planned job losses
Job loss
Announcement Date
9 March 2012
Employment effect (start)
9 March 2012
Foreseen end date
30 June 2012

Description

Polzela, a Slovenian producer of socks and stockings for women, men and children, announced a reduction of its workforce by 100. The cuts will be implemented until summer 2012.

The company, located in the small town Polzela (Savinska region), currently faces a one third decrease of sales in 2011, leading to a loss of EUR 1.2 million. Additionally, the volume of production is only at 52% of last year's level. It is reported that the company decided to reduce employment due to these difficult economic circumstances.

The company, founded in 1927, currently employs 400 people.

Sources

  • 9 March 2012: Delo

Citation

Eurofound (2012), Polzela, Internal restructuring in Slovenia, factsheet number 73219, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73219.