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 Leather And Related Products 15.20 - Manufacture of footwear
New offshoring locations
Serbia
140 jobs Number of planned job losses
Announcement Date
2 February 2020
Employment effect (start)
1 December 2019
Foreseen end date
Description
In late 2019, the Slovak-based shoe producer Botex Company closed its plant in Rimavská Sobota, where about 140 employees became redundant. The company was active in Rimavska Sobota for more than 26 years and produced about 50,000 pairs of trainers per month. It operated well and made an annual profit of €210,000 and €250,000 in the last two years. In October 2019 a member of company's management board informed that the Italian owner sold the company to German Tecnica and the Botex needs new orders from customers otherwise it will be closed. According to the Botex CEO, the production will be offshored to Serbia due to cost optimisation concerns.
Eurofound (2020), Botex, Offshoring/Delocalisation in Slovakia, factsheet number 99764, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/99764.
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