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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale In Non-Specialised Stores 47.11 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
100 jobs Number of planned job losses
Announcement Date
14 April 2006
Employment effect (start)
14 April 2006
Foreseen end date
31 December 2006
Description
Koloniale is a non-specialised retail and wholesale trading company, holding a 3% share of the Slovenian retail trade market. Due to heavy indebtedness, the supervisory board of the company adopted a programme of reorganisation, rationalisation and disinvestment. The programme is composed of: (a) closing down of the wholesale department with 180 employees; 100 of them will lose jobs, the others will be taken over by the retail trade part (Maxina Trgovina), (b) selling off a part of companyÂ’s real estate, including some shops at less attractive locations, (c) Agave, which now owns 33% of companyÂ’s equity will take it over entirely by the end of the year. As reported, all the legal liabilities of the employer to the dismissed employees will be respected, dismissed employees will also receive compensation for dismissal.
Sources
14 April 2006: Delo
Citation
Eurofound (2006), Koloniale, Internal restructuring in Slovenia, factsheet number 63326, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63326.
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