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.
KGZ Krpan, the agroforestry cooperative from Cerknica, went bankrupt causing the direct dismissal of all his 110 employees. The cooperative, owned by 230 farmers, failed to reach an agreement on debt settlement with creditors, hence the management filed bankruptcy in November 2017. The trade union was also in favour of bankruptcy: indeed, the cooperative had huge financial difficulties for a long time that caused agonizing situation for workers who didn't receive their wages for several months. KGZ Krpan owned 30 shops in Notranjsko-Kraška region.
Eurofound (2017), KGZ Krpan, Bankruptcy in Slovenia, factsheet number 92734, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92734.