I.C.A.

Type
Internal restructuring
Country
Slovakia
Region
Vychodne Slovensko; Presovsky kraj;
Location of affected unit(s)
Svidník
Sector
Manufacturing
Manufacture Of Material For Textiles, Apparel, Leather And Related Products
Manufacture Of Wearing Apparel
14.13 - Manufacture of other outerwear
100 jobs
Number of planned job losses
Job loss
Announcement Date
6 April 2011
Employment effect (start)
1 April 2011
Foreseen end date

Description

I.C.A. (former SVIK), a Slovak garment factory in Svidnik, announced the collective dismissal of 100 employees. The redundancies are attributed to persisting downturn in the sector resulting in a significant decline in the number of orders from customers. The company is one of the biggest employers in the region where the unemployment rate reaches almost 20%.

Sources

  • 6 April 2011: Hospodárske noviny

Citation

Eurofound (2011), I.C.A., Internal restructuring in Slovakia, factsheet number 71865, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71865.