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
80 jobs Number of planned job losses
Announcement Date
14 May 2010
Employment effect (start)
14 May 2010
Foreseen end date
31 December 2010
Description
Novoles is a household furniture producing company from Straža at Novo mesto in the Jugovzhodna Slovenija region. At the moment, the company employs 709 employees (At the beginning of 2008, the number of employees was 890) and plan to further reduce employment. In 2009, the orders fell by 29%. This prompted radical internal restructuring. The process of internal restructuring will be accomplished by the end of 2010, when the number of employees will be 629, meaning a reduction of 80 jobs.
Sources
14 May 2010: Delo
Citation
Eurofound (2010), Novoles, Internal restructuring in Slovenia, factsheet number 71818, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71818.
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