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 Textiles 13.9 - Manufacture of other textiles
285 - 428 jobs Number of planned job losses
Announcement Date
30 August 2005
Employment effect (start)
Foreseen end date
31 December 2005
Description
Prevent, a leading European manufacturer of car seat covers, contracting Volkswagen, Renault, Ford, PSA, BMW among others, is the core company of Skupina Prevent. 23 companies, either partly or wholly owned by Prevent, employ nearly 10,000 people across the globe. Other than its production for the automobile industry, the group also embraces firms dealing with as different areas as wood processing, masonry, finance and metallurgy. The group’s management seeks to lower production costs and thus plans to reduce its workforce by 300 people to a total of 430 employees. The company already announced further so-called ‘soft’ reductions in 2006.
Sources
30 August 2005: Finance
Citation
Eurofound (2005), Prevent, Internal restructuring in Slovenia, factsheet number 62161, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62161.
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