Restructuring events
European Restructuring Monitor (ERM)
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.
Kli Logatec, manufacturer of windows, doors, chairs and tables, will be liquidated with a loss of between 100 and 280 jobs at the present location: (i) the company will retain in full the window division which employs 80 people, (ii) the chair manufacturing division which employs 100 people will be moved to another location in Bač, which is relatively close (app. 20 km) to the existing one. It is unclear how many people will be employed at the new location; (iii) the future of the doors’ division which employs 200 is not yet clear. It is expected a certain number of workers will be employed in the nearby industrial zone and in similar companies in the region. On 21 April 2008 the shareholders assembly of Kli Logatec decided to liquidate the company due to the past year’s decrease of up to 30% in sales and losses amounting to 2 million euros.
Eurofound (2008), KLI Logatec, Closure in Slovenia, factsheet number 66534, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66534.