Type
Bankruptcy
Country
Slovakia
Region
Vychodne Slovensko; Presovsky kraj;
Location of affected unit(s)
Prešov
Sector
Manufacturing
Manufacture Of Material For Textiles, Apparel, Leather And Related Products
Manufacture Of Textiles
13 - Manufacture of textiles

440 jobs
Number of planned job losses
Job loss
Announcement Date
12 October 2007
Employment effect (start)
Foreseen end date
31 December 2007

Description

Odevné závody kapitána Nálepku (OZKN), a Slovak textile firm that produces apparel for men and is based in Prešov, has been declared bankrupt and will subsequently dismiss its 440 employees. The firm attributes the bankruptcy to its high operational costs and the fact that its main customer, Spanish textile company Induyco, have decided to end their contract with OZKN in favour of a new contact with a Chinese firm. The Prešov site is due to close by the end of 2007.


Sources

  • 12 October 2007: Hospodárske noviny

Citation

Eurofound (2007), OZKN, Bankruptcy in Slovakia, factsheet number 65921, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65921.