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 Wearing Apparel 14 - Manufacture of wearing apparel
870 jobs Number of planned job losses
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64933.
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