Bukóza Holding

Type
Closure
Country
Slovakia
Region
Slovensko; Východné Slovensko; Prešovský kraj
Location of affected unit(s)
Hencovce
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
17.1 - Manufacture of pulp, paper and paperboard
17.12 - Manufacture of paper and paperboard
90 jobs
Number of planned job losses
Job loss
Announcement Date
10 October 2024
Employment effect (start)
9 October 2024
Foreseen end date

Description

Bukóza Invest, a part of the larger Bukóza Holding, a Slovak producer of cellulose, announced its plans to let go of 90 out of a total of 100 employees in their paper manufacture in Hencovce, citing organizational reasons. This effectively amounts to a closure of the plant.

The dismissals were completed in October 2024 and were mainly in manufacturing positions.

The company is in debt, upwards of 100 million, due to previous managerial decisions.

See also previous cases for Bukoza Invest in 2023 and 2022.

Sources

Citation

Eurofound (2024), Bukóza Holding, Closure in Slovakia, factsheet number 201819, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201819.