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.
Trim Leader Company, belonging to German Adient group, announced mass dismissal of 356 employees in its Bardejov plant in East Slovakia. According to the PR of Adient, the plant will be completely closed due to insufficient utilisation of available capacities. Trim Leader produces different types of upholstery of car seats. Decision on the closure is attributed to decreasing revenues in the automotive sector as well as to expected higher labour costs in 2021. The company informed that they were currently discussing the details of the closure with employee representatives.
Trim Leader operates in brownfield industrial park in Bardejov since 2018. In 2019, it received almost €100,000 regional subsidy to cover its operational costs.
Eurofound (2020), Trim Leader, Closure in Slovakia, factsheet number 102496, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102496.