Type
Bankruptcy
Country
Slovenia
Region
Slovenija; Savinjska;
Location of affected unit(s)
Polzela
Sector
Manufacturing
Manufacture Of Material For Textiles, Apparel, Leather And Related Products
Manufacture Of Textiles
13.99 - Manufacture of other textiles n.e.c.

220 jobs
Number of planned job losses
Job loss
Announcement Date
20 December 2016
Employment effect (start)
31 December 2016
Foreseen end date

Description

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.


Sources

  • 20 December 2016: Dnevnik
  • 21 December 2016: Delo

Citation

Eurofound (2016), Polzela, Bankruptcy in Slovenia, factsheet number 89680, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89680.