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.
Egotex, a Slovak textile production company announced to the Labour office that they are closing their business, letting go all of the 168 current employees.
Management cited plummeting of orders, as well as continuous increase in labour costs. The company, which specializes in luxury outerwear apparel for brands all over Europe, has been in operation for 27 years, but had been in a "survival mode" for months, not gaining enough demand for their products.
This closure follows the trend of textile company closures in Slovakia, see factsheets on Makyta Puchov or Eterna Banovce and Bebravou. Makyta 2025-SK, Eterna 2024-SK
Eurofound (2025), EGOTEX, Closure in Slovakia, factsheet number 202420, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202420.