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 Manufacturing Of Furniture And Other Manufacturing Manufacture Of Furniture 31.0 - Manufacture of furniture
170 jobs Number of planned job creations
Announcement Date
21 November 2017
Employment effect (start)
1 June 2018
Foreseen end date
31 July 2018
Description
The company Lesna TIP, a former producer of chipboards and construction furniture (interior doors, construction boards), was bought by the Turkish company Yildizlar Yatirim Holding after going bankrupt in March 2016, when 85 workers lost their jobs. Yildizlar Yatirim Holding, which currently employs about 3,000 people in 50 countries, is now planning to restart the production of chipboards in the next six months and hire 170 workers. The new owner intends to invest €40 million in the following years and increase the number of employees up to 500. The business expansion will also increase the variety of products manufactured.
Sources
21 November 2017: Delo
23 November 2017: Finance
Citation
Eurofound (2017), Lesna TIP, Merger/Acquisition in Slovenia, factsheet number 92612, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92612.
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