Restructuring events
European Restructuring Monitor (ERM)
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.
Polzela, the Slovenian producer of socks and stockings based in the namesake municipality of Savinjska region, will go bankrupt. After protracted insolvency difficulties, Slovenian Sovereign Holding decided not to recapitalize the company, so the management has to file for bankruptcy. The company employs 220 persons at the moment. All 220 workers received their notice on 30 December 2016.
Eurofound (2016), Polzela, Bankruptcy in Slovenia, factsheet number 89680, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89680.