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.
Slovak company Dedoles selling socks and other textiles is dismissing 200 employees due to financial problems. Problems in paying invoices emerged unexpectedly in 2022 after the company had set up an ambitious plan, since its sales rose from €6 million in 2018 to nearly €50 million in 2020 and in 2021, to more than €90 million. According to the owner, Jaroslav Chrapko, problems have been mainly caused by logistic problems in China, who produces the merchandise, which caused delivery delays as well as the price increase of almost all raw materials. The COVID-19 pandemic and war between Russia and Ukraine had also contributed negatively.
Eurofound (2022), Dedoles, Internal restructuring in Slovakia, factsheet number 106576, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/106576.