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 Wearing Apparel 14.11 - Manufacture of leather clothes
New offshoring locations
Bosnia and Herzegovina
104 jobs Number of planned job losses
Announcement Date
28 February 2020
Employment effect (start)
1 March 2020
Foreseen end date
30 April 2020
Description
Boxmark Leather, a supplier of leather products for the automobile industry, will lay off 104 more workers by the end of April 2020. The total number of dismissed workers will, therefore, increase from 184 (company announcement from November 2019) to 288. The management explained that workers are no longer needed because the company has invested in new labour-saving machines and relocated a part of the serial production in Bosnia and Herzegovina. The restructuring, which aims at reducing the risk related to growing labour costs in Slovenia, is taking place at a time when the company is looking to expand production for the aviation industry.
Eurofound (2020), Boxmark Leather, Offshoring/Delocalisation in Slovenia, factsheet number 99908, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/99908.
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