Ozeta Neo

Type
Internal restructuring
Country
Slovakia
Region
Slovensko; Západné Slovensko; Trenčiansky kraj
Location of affected unit(s)
Trenčín, Skalica
Sector
Manufacturing
(13 - 15) Manufacture of textiles, apparel and leather
14 - Manufacture of wearing apparel
14 - Manufacture of wearing apparel
870 jobs
Number of planned job losses
Job loss
Announcement Date
13 February 2007
Employment effect (start)
1 March 2007
Foreseen end date

Description

Ozeta Neo Company is the biggest producer of men’s ready-made clothes in Slovakia. Increasing competition in the textile industry and strengthening of SKK/Euro exchange rate threaten the company effectiveness. Due to failing price negotiations, Ozeta Neo has lost some of its important customers in January 2007. In order to avoid losses in the company economy, management decided to close production plants in Trenčín and Skalica. In total 870 workers will be dismissed from the company. However, up to 115 of them can get job in Ozeta plant in Topolčany. Company management promised to cover their commuting costs.

Sources

  • 14 February 2007: SME
  • 13 February 2007: Pravda

Citation

Eurofound (2007), Ozeta Neo, Internal restructuring in Slovakia, factsheet number 64933, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64933.