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.
Brest pohištvo, a Slovenian manufacturer of furniture founded in 1947 and privately owned since 1995, will go bankrupt. As a consequence, all 130 persons employed in the company, which is based in Cerknica (Notranjsko-kraška region), will lose their job. The difficulties started in 2012 as a result of IKEA's decision to move the production from Brest (less than 40km from Cerknica) to Poland after 15 years of business. After a series of strikes to due unpaid salaries for several months, workers filed for bankruptcy in September this year.
Eurofound (2016), Brest pohištvo, Bankruptcy in Slovenia, factsheet number 89681, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89681.