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
205 - 214 jobs Number of planned job losses
Announcement Date
11 August 2016
Employment effect (start)
20 September 2016
Foreseen end date
Description
In August 2016, the management of textile manufacturer Katex Kazanlak announced that 205 employees out of a total workforce of 214 will be dismissed as of 20 September 2016. The company has also decided to suspend temporarily its production activities. The management informed that production facilities will be maintained but production will restart in more favourable market conditions.
Sources
11 August 2016: novini.bg
11 August 2016: banker.bg
14 August 2016: Capital.bg
Citation
Eurofound (2016), Katex Kazanlak, Closure in Bulgaria, factsheet number 88780, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88780.
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