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.
On 1 September, the Slovak-Italian textile company Slotex Fashion in Vranov nad Toplou was closed and all of its 180 employees are to be dismissed. In August the workers received notices including two-months redundancy payment.
According to the trade unions representatives, the management did not pay wages to workers from June to August and failed to provide the statutory redundancy payment. The company management did not consult the employees representatives about the collective dismissal.
Eurofound (2012), Slotex Fashion, Closure in Slovakia, factsheet number 74129, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74129.