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.
Nolik is manufacturer of furniture for children, for the equipment of kindergartens and schools or other buildings, located in Kočevje in the Jugovzhodna Slovenija region. The company employs 170 people. In 2012, Nolik lost its major customer, i.e. Stokke, who relocated the production of tripp-trapp chairs for kids to Bulgaria. Nolik’s sales and production were reduced by half. Since then, the company has not been able to regain normal performance. As a result the company entered the bankruptcy procedure. All 170 employees will lose their job.
Eurofound (2014), Nolik, Bankruptcy in Slovenia, factsheet number 77872, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77872.