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.
Komet entered into liquidation resulting in the loss of its entire workforce, 254 employees.
Komet is a producer of underwear from Metlika in the Jugovzhodna Slovenija region.
The shareholders have decided to liquidate the company because it cannot cope any more with the competition from Far East imports.
UPDATE 01-07-2011: As reported by Finance newspaper, the final outcome of the liquidation of Komet is that 159 people lost their jobs, 15 have retained their jobs in Komet while 80 moved to company Komet Plus which rented the production capacities of Komet.
Eurofound (2010), Komet, Bankruptcy in Slovenia, factsheet number 71348, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71348.