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 Manufacturing Of Furniture And Other Manufacturing Manufacture Of Furniture 31 - Manufacture of furniture
385 jobs Number of planned job losses
Announcement Date
3 July 2008
Employment effect (start)
Foreseen end date
31 December 2008
Description
Liko, manufacturer of wood products in Vrhnika near Ljubljana, will cut 385 out of 500 jobs. The company, which produces doors, chairs, tables, childrens furniture, etc., is composed of three parts: Liko Vrata (Liko Doors), Liko Pohištvo (Liko Furniture) and Liko Modus. The latter employs handicapped people. The supervisory board decided that because of long-lasting losses and no possibility to improve the situation Liko Pohištvo and Liko Modus will be liquidated. The only part which is profitable and is to remain operational is Liko Vrata, which produces doors. The company is 97% owned by Ampelius Holding from Cyprus, which belongs to a group of companies owned by Slovenian businessman Igor Lah.
Sources
14 July 2008: Dnevnik
3 July 2008: Finance
Citation
Eurofound (2008), Liko, Closure in Slovenia, factsheet number 66808, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66808.
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