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.
In August 2016, the management of textile manufacturer Katex Kazanlak announced that 205 employees out of a total workforce of 214 will be dismissed as of 20 September 2016. The company has also decided to suspend temporarily its production activities. The management informed that production facilities will be maintained but production will restart in more favourable market conditions.
Eurofound (2016), Katex Kazanlak, Closure in Bulgaria, factsheet number 88780, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88780.